Calian Group (TSE:CGY) Stock Price Expected to Rise, Ventum Financial Analyst Says

Calian Group (TSE:CGY) had its price objective lifted by research analysts at Ventum Financial from C$62.00 to C$72.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ventum Financial’s price objective suggests a potential upside of 12.50% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. CIBC upped their target price on shares of Calian Group from C$62.00 to C$65.00 in a research note on Wednesday, January 14th. Canaccord Genuity Group upped their price objective on Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Desjardins increased their price objective on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Finally, Royal Bank Of Canada boosted their target price on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$66.40.

Calian Group Stock Up 1.6%

TSE CGY traded up C$1.00 during trading hours on Tuesday, reaching C$64.00. 38,226 shares of the company’s stock were exchanged, compared to its average volume of 32,497. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The company has a market capitalization of C$730.30 million, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38. The company’s 50-day moving average is C$56.52 and its two-hundred day moving average is C$52.74. Calian Group has a one year low of C$37.70 and a one year high of C$65.59.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share for the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. The firm had revenue of C$203.18 million for the quarter. On average, analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

About Calian Group

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.