Scotiabank Sticks to Their Buy Rating for CAE Inc (CAE)

By Carrie Williams

According to The Fly, in a report issued on November 9, Turan Quettawala from Scotiabank reiterated a Buy rating on CAE Inc (CAEResearch Report). The company’s shares closed yesterday at $18.29.

According to TipRanks.com, Quettawala is a 3-star analyst with an average return of 0.7% and a 59.7% success rate. Quettawala covers the Services sector, focusing on stocks such as WestJet Airlines Ltd, Union Pacific Corp, and Canadian Railway.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CAE Inc.

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The company has a one-year high of $21.70 and a one-year low of $16.84. Currently, CAE Inc has an average volume of 144K.

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CAE, Inc. engages in the provision of simulation and modeling technologies and training services to the civil aviation, defense and security, and healthcare markets. It operates through the following segments: Civil Aviation Training Solutions, Defence and Security, and Healthcare.