Calian Group (TSE:CGY) Price Target Raised to C$80.00 at Canaccord Genuity Group

Calian Group (TSE:CGY) had its price objective upped by Canaccord Genuity Group from C$63.00 to C$80.00 in a report issued on Friday,BayStreet.CA reports. Canaccord Genuity Group’s price target would suggest a potential upside of 12.96% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Ventum Financial increased their target price on shares of Calian Group from C$62.00 to C$72.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of Calian Group from C$62.00 to C$65.00 in a report on Wednesday, January 14th. Royal Bank Of Canada lifted their price objective on shares of 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. CIBC World Markets increased their target price on Calian Group from C$65.00 to C$76.00 in a research report on Friday. Finally, Desjardins raised their price target 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. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$73.43.

Calian Group Stock Performance

TSE:CGY traded up C$4.68 during trading hours on Friday, reaching C$70.82. The stock had a trading volume of 69,842 shares, compared to its average volume of 48,852. 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 stock has a 50 day simple moving average of C$60.12 and a 200 day simple moving average of C$53.98. Calian Group has a 12-month low of C$37.70 and a 12-month high of C$71.92. The stock has a market cap of C$808.13 million, a P/E ratio of 40.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.70.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$1.03 EPS for the quarter. The firm had revenue of C$208.00 million for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%. On average, research 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.