Acumen Capital Cuts Calian Group (TSE:CGY) Price Target to C$70.00

Calian Group (TSE:CGY) had its target price cut by equities research analysts at Acumen Capital from C$75.00 to C$70.00 in a research note issued on Wednesday,BayStreet.CA reports. Acumen Capital’s price target suggests a potential upside of 49.25% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CGY. CIBC dropped their price objective on shares of Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Ventum Financial decreased their price target on shares of Calian Group from C$70.00 to C$68.00 in a report on Wednesday. Royal Bank of Canada decreased their price objective on Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Finally, Cormark reduced their price objective on Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Calian Group presently has an average rating of “Buy” and an average target price of C$72.29.

Calian Group Trading Down 2.3 %

CGY stock traded down C$1.08 during mid-day trading on Wednesday, reaching C$46.90. The company had a trading volume of 27,381 shares, compared to its average volume of 13,788. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company has a market capitalization of C$555.77 million, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The firm has a 50 day moving average of C$48.55 and a 200 day moving average of C$51.03. Calian Group has a 12 month low of C$42.88 and a 12 month high of C$61.24.

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.