Calian Group (TSE:CGY – Get Free Report) had its price objective dropped by stock analysts at CIBC from C$76.00 to C$63.00 in a research report issued on Friday, BayStreet.CA reports. CIBC’s target price would indicate a potential upside of 36.87% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Royal Bank of Canada cut their target price on Calian Group from C$75.00 to C$65.00 in a report on Friday. Ventum Cap Mkts raised Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group increased their target price on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Cormark dropped their price target on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday. Finally, Acumen Capital upped their price objective on shares of Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Calian Group has a consensus rating of “Buy” and a consensus target price of C$74.13.
Read Our Latest Analysis on CGY
Calian Group Price Performance
Calian Group (TSE:CGY – Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of C$196.67 million. Calian Group had a return on equity of 6.22% and a net margin of 2.80%. On average, sell-side analysts anticipate that Calian Group will post 4.6162117 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Calian Group news, Director Raymond Gregory Basler sold 4,000 shares of Calian Group stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total value of C$224,800.00. 0.62% of the stock is 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.
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