Calian Group (TSE:CGY) PT Lowered to C$70.00

Calian Group (TSE:CGY) had its price objective decreased by stock analysts at Ventum Financial from C$74.00 to C$70.00 in a research note issued to investors on Friday, BayStreet.CA reports. Ventum Financial’s price target indicates a potential upside of 52.84% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Cormark lifted their price objective on Calian Group from C$73.00 to C$74.00 in a research report on Friday, May 17th. Acumen Capital increased their target price on Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Royal Bank of Canada lifted their price objective on Calian Group from C$72.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday, May 16th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$74.13.

Calian Group Stock Down 4.8 %

Shares of TSE:CGY traded down C$2.29 during trading hours on Friday, reaching C$45.80. The stock had a trading volume of 43,873 shares, compared to its average volume of 8,281. Calian Group has a 1 year low of C$45.15 and a 1 year high of C$63.75. The firm’s 50 day moving average is C$54.81 and its 200-day moving average is C$56.30. The stock has a market capitalization of C$542.73 million, a price-to-earnings ratio of 26.94, a P/E/G ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 32.06, a quick ratio of 1.20 and a current ratio of 1.30.

Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The firm had revenue of C$185.00 million for the quarter, compared to analysts’ expectations of C$196.67 million. Calian Group had a return on equity of 6.22% and a net margin of 2.80%. Research analysts predict that Calian Group will post 4.6162117 earnings per share for the current fiscal year.

Insider Transactions at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 4,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total transaction of C$224,800.00. Corporate insiders own 0.62% of the company’s stock.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.