Calian Group (TSE:CGY) Given New C$105.00 Price Target at Royal Bank Of Canada

Calian Group (TSE:CGY) had its target price lifted by research analysts at Royal Bank Of Canada from C$90.00 to C$105.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 26.49% from the company’s current price.

CGY has been the subject of a number of other reports. Ventum raised their price target on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Canaccord Genuity Group increased their price objective on Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the company a “buy” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce raised their price objective on shares of Calian Group from C$93.00 to C$107.00 in a research report on Friday. Finally, ATB Cormark Capital Markets lifted their target price on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$101.72.

Calian Group Stock Down 9.4%

Shares of TSE CGY traded down C$8.57 during mid-day trading on Friday, reaching C$83.01. The company had a trading volume of 129,228 shares, compared to its average volume of 40,606. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$95.50. The stock’s 50 day moving average is C$81.57 and its 200-day moving average is C$77.39. The stock has a market capitalization of C$953.87 million, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96.

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

Insider Activity

In related news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This trade represents a 22.41% decrease in their position. Corporate insiders own 0.63% of the company’s stock.

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.