The stock of Cae Inc (TSE:CAE) reached all time high today, Nov, 22 and still has $20.34 target or 3.00% above today’s $19.75 share price. This indicates more upside for the $5.46 billion company. This technical setup was reported by Barchart.com. If the $20.34 PT is reached, the company will be worth $163.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 242,435 shares traded hands. Cae Inc (TSE:CAE) has risen 34.19% since April 18, 2016 and is uptrending. It has outperformed by 29.64% the S&P500.
Cae Inc (TSE:CAE) Ratings Coverage
Out of 9 analysts covering CAE Inc. (TSE:CAE), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $21.50 is the highest target while $15 is the lowest. The $19.39 average target is -1.82% below today’s ($19.75) stock price. CAE Inc. has been the topic of 23 analyst reports since November 5, 2015 according to StockzIntelligence Inc. On Friday, August 12 the stock rating was downgraded by Macquarie Research to “Neutral”. On Friday, November 11 the stock rating was maintained by TD Securities with “Hold”. As per Friday, November 4, the company rating was maintained by TD Securities.
CAE Inc. provides training for the civil aviation, defense and security, and healthcare markets. The company has a market cap of $5.46 billion. The Firm creates and integrates training solutions. It has a 22.57 P/E ratio. It operates through three divisions: Civil Aviation Training Solutions, Defense and Security, and Healthcare.
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