The stock of Cae Inc (TSE:CAE) hit a new 52-week high and has $20.74 target or 5.00% above today’s $19.75 share price. The 5 months bullish chart indicates low risk for the $5.46 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $20.74 price target is reached, the company will be worth $273.00 million 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 239,435 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. The stock has “Hold” rating given by TD Securities on Friday, November 11. The stock of Cae Inc (TSE:CAE) earned “Hold” rating by TD Securities on Friday, November 4. On Friday, August 12 the stock rating was downgraded by Macquarie Research to “Neutral”.
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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