Calian Group (TSE:CGY) Price Target Raised to C$100.00

Calian Group (TSE:CGY) had its price target boosted by stock analysts at Ventum from C$94.00 to C$100.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum’s target price would suggest a potential upside of 23.69% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus set a C$100.00 price target on shares of Calian Group and gave the company a “buy” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets lifted their price target on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Ventum Financial boosted their target price on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce increased their price target on shares of Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. Finally, Royal Bank Of Canada increased their target price on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Calian Group presently has an average rating of “Buy” and a consensus target price of C$89.28.

Calian Group Stock Down 2.6%

Shares of TSE CGY traded down C$2.18 during mid-day trading on Monday, reaching C$80.85. The company had a trading volume of 12,751 shares, compared to its average volume of 44,292. Calian Group has a 52-week low of C$44.89 and a 52-week high of C$92.34. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. The stock has a market cap of C$929.05 million, a P/E ratio of 28.37, a PEG ratio of 2.50 and a beta of 0.88. The firm has a 50 day simple moving average of C$77.58 and a two-hundred day simple moving average of C$70.01.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. The business had revenue of C$228.70 million for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. Sell-side analysts predict that Calian Group will post 4.9475219 earnings per share for the current year.

Insider Activity at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the sale, the insider directly owned 22,266 shares in the company, valued at 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.