CIBC World Markets Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY) had its target price raised by investment analysts at CIBC World Markets from C$65.00 to C$76.00 in a research note issued on Friday,BayStreet.CA reports. CIBC World Markets’ price objective suggests a potential upside of 7.31% from the stock’s previous close.

A number of other analysts also recently weighed in on CGY. Canaccord Genuity Group increased their price target on shares of Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a report on Thursday, November 27th. Ventum Financial increased their target price on shares of Calian Group from C$62.00 to C$72.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada boosted their price target on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 27th. Desjardins raised their price objective on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on Calian Group from C$62.00 to C$65.00 in a report on Wednesday, January 14th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$73.43.

Calian Group Stock Performance

Shares of Calian Group stock traded up C$4.68 during trading on Friday, reaching C$70.82. The company’s stock had a trading volume of 69,842 shares, compared to its average volume of 48,852. Calian Group has a one year low of C$37.70 and a one year high of C$71.92. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The firm has a market cap of C$808.13 million, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.70. The business’s fifty day moving average price is C$60.12 and its 200-day moving average price is C$53.98.

Calian Group (TSE:CGY) last announced its earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share for the quarter. The firm had revenue of C$208.00 million during the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%. As a group, equities research analysts predict that Calian Group will post 4.9475219 earnings per share for the current year.

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.