Could Cae Inc Recover After Today’s Huge Decline?

 Could Cae Inc Recover After Today's Huge Decline?

The stock of Cae Inc (TSE:CAE) is a huge mover today! About 71,006 shares traded hands. Cae Inc (TSE:CAE) has risen 32.30% since April 5, 2016 and is uptrending. It has outperformed by 27.52% the S&P500.
The move comes after 9 months negative chart setup for the $5.26 billion company. It was reported on Nov, 9 by Barchart.com. We have $18.20 PT which if reached, will make TSE:CAE worth $263.00M less.

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 -1.41% below today’s ($19.16) stock price. CAE Inc. has been the topic of 20 analyst reports since November 5, 2015 according to StockzIntelligence Inc. Macquarie Research downgraded Cae Inc (TSE:CAE) on Friday, August 12 to “Neutral” rating. TD Securities maintained the stock with “Hold” rating in Friday, November 4 report.

CAE Inc. provides training for the civil aviation, defense and security, and healthcare markets. The company has a market cap of $5.26 billion. The Firm creates and integrates training solutions. It has a 19.63 P/E ratio. It operates through three divisions: Civil Aviation Training Solutions, Defense and Security, and Healthcare.

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