Calian Group (TSE:CGY) Price Target Raised to C$90.00 at Canadian Imperial Bank of Commerce

Calian Group (TSE:CGY) had its price target boosted by analysts at Canadian Imperial Bank of Commerce from C$76.00 to C$90.00 in a research report issued on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 12.98% from the company’s previous close.

Several other brokerages also recently commented on CGY. Canaccord Genuity Group lifted their target price on Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Acumen Capital lifted their target price on Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their target price on Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Ventum Financial lifted their target price on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$84.17.

Calian Group Price Performance

Shares of TSE CGY traded down C$2.58 during mid-day trading on Friday, hitting C$79.66. 29,823 shares of the stock traded hands, compared to its average volume of 46,331. The company has a debt-to-equity ratio of 64.10, a current ratio of 1.65 and a quick ratio of 1.20. Calian Group has a twelve month low of C$37.70 and a twelve month high of C$85.16. The company has a market cap of C$909.24 million, a PE ratio of 34.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The firm has a 50 day simple moving average of C$74.16 and a two-hundred day simple moving average of C$64.74.

Calian Group (TSE:CGY) last announced its earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. The firm had revenue of C$228.70 million for the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%. As a group, equities research analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

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.