Calian Group (TSE:CGY) Given New C$62.00 Price Target at CIBC

Calian Group (TSE:CGY) had its target price dropped by stock analysts at CIBC from C$63.00 to C$62.00 in a report released on Friday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 35.55% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Acumen Capital lowered their target price on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Ventum Financial dropped their target price on Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. Six 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, the stock currently has an average rating of “Buy” and a consensus price target of C$72.14.

Calian Group Stock Up 1.7 %

Shares of TSE:CGY traded up C$0.77 during mid-day trading on Friday, reaching C$45.74. 51,431 shares of the stock were exchanged, compared to its average volume of 33,820. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The stock’s 50 day simple moving average is C$48.73 and its 200-day simple moving average is C$48.38. The company has a market cap of C$542.98 million, a P/E ratio of 48.98, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a one year low of C$42.88 and a one year high of C$61.24.

Insider Activity at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total value of C$42,101.91. Also, Senior Officer Patrick Belanger Houston sold 1,469 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$47.69, for a total transaction of C$70,056.61. In the last three months, insiders have acquired 2,297 shares of company stock valued at $110,638 and have sold 10,884 shares valued at $528,380. 0.63% of the stock is currently owned by insiders.

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.