Cae Inc Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

 Cae Inc Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Cae Inc (TSE:CAE) hit a new 52-week high and has $31.32 target or 64.00% above today’s $19.10 share price. The 7 months bullish chart indicates low risk for the $5.15 billion company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $31.32 price target is reached, the company will be worth $3.30B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 307,980 shares traded hands. Cae Inc (TSE:CAE) has risen 22.98% since March 30, 2016 and is uptrending. It has outperformed by 21.77% the S&P500.

Cae Inc (TSE:CAE) Ratings Coverage

Out of 8 analysts covering CAE Inc. (TSE:CAE), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. $21 is the highest target while $15 is the lowest. The $18.89 average target is -1.10% below today’s ($19.1) stock price. CAE Inc. has been the topic of 19 analyst reports since November 5, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Macquarie Research given on Friday, August 12.

More important recent Cae Inc (TSE:CAE) news were published by: Theglobeandmail.com which released: “Bullish on CAE Inc.” on July 15, 2016, also Business.Financialpost.com published article titled: “CAE Inc hikes dividend 7% amid record $6.5-billion backlog”, Business.Financialpost.com published: “CAE Inc sees a healthy future in medical simulators, designs high-tech …” on June 23, 2016. More interesting news about Cae Inc (TSE:CAE) was released by: Business.Financialpost.com and their article: “CAE signs $100 million in contracts with U.K. and Canadian militaries” with publication date: July 07, 2016.

CAE Inc. provides training for the civil aviation, defense and security, and healthcare markets. The company has a market cap of $5.15 billion. The Firm creates and integrates training solutions. It has a 19.57 P/E ratio. It operates through three divisions: Civil Aviation Training Solutions, Defense and Security, and Healthcare.

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