Forex
CAE Inc. Stock Upgraded to Moderate Buy by Royal Bank Of Canada
CAE Inc., a global company focused on delivering training for various markets, received an upgrade from 'hold' to 'moderate buy' by Royal Bank Of Canada. This upgrade is one of several recent changes in ratings and price targets from various analysts.
The company's stock has seen its share price increase 3.9% after the upgrade, with a current market capitalization of C$12.13 billion and a PE ratio of 42.34. CAE has also been subject to insider activity, with directors selling shares in recent months.
CAE posted quarterly earnings results on August 12th, reporting C$0.26 EPS and revenue of C$1.17 billion for the quarter. The company's return on equity is 5.47%, and its net margin is 5.75%.