Calian Group (TSE:CGY) Price Target Raised to C$109.00

Calian Group (TSE:CGY) had its target price hoisted by research analysts at Desjardins from C$104.00 to C$109.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 31.31% from the stock’s current price.

Several other equities research analysts also recently weighed in on CGY. Royal Bank Of Canada increased their price target on Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday. ATB Cormark Capital Markets upped their target price on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Ventum Financial raised their target price on Calian Group from C$100.00 to C$106.00 and gave the stock a “buy” rating in a report on Friday. Ventum lifted their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce boosted their price target on Calian Group from C$93.00 to C$107.00 in a report on Friday. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$101.72.

Calian Group Stock Performance

TSE CGY traded down C$8.57 on Friday, hitting C$83.01. 129,228 shares of the company’s stock traded hands, compared to its average volume of 40,606. The firm’s 50-day moving average price is C$81.57 and its two-hundred day moving average price is C$77.39. The firm has a market capitalization of C$953.87 million, a PE ratio of 29.13, a P/E/G ratio of 2.50 and a beta of 0.96. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. Calian Group has a 1-year low of C$44.89 and a 1-year high of C$95.50.

Calian Group (TSE:CGY) last released its quarterly earnings data on Thursday, August 13th. The company reported C$1.10 earnings per share for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The firm had revenue of C$230.40 million for the quarter. As a group, analysts expect that Calian Group will post 4.9475219 EPS for the current year.

Insider Buying and Selling at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the transaction, the insider owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their ownership of the stock. Company insiders own 0.63% of the company’s stock.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.