CIBC Remains a Hold on CAE Inc (CAE)

By Ryan Adsit

In a report issued on May 20, Kevin Chiang from CIBC reiterated a Hold rating on CAE Inc (CAEResearch Report), with a price target of $37. The company’s shares closed yesterday at $26.38, close to its 52-week high of $27.42.

Chiang has an average return of 25.1% when recommending CAE Inc.

According to, Chiang is ranked #209 out of 5178 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for CAE Inc with a $27.60 average price target, representing a 4.6% upside. In a report released yesterday, Desjardins also downgraded the stock to Hold.

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CAE Inc’s market cap is currently $6.99B and has a P/E ratio of 29.69. The company has a Price to Book ratio of 4.17.

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CAE, Inc. engages in the provision of training and development of integrated training solutions for the defence and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers.