Calian Group (TSE:CGY) Price Target Raised to C$105.00 at Royal Bank Of Canada

Calian Group (TSE:CGY) had its target price hoisted by research analysts at Royal Bank Of Canada from C$90.00 to C$105.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 26.49% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Ventum increased their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Canadian Imperial Bank of Commerce boosted their price objective on Calian Group from C$93.00 to C$107.00 in a report on Friday. Canaccord Genuity Group upped their price objective on shares of Calian Group from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday, June 29th. ATB Cormark Capital Markets raised their target price on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Finally, Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$101.72.

Calian Group Price Performance

Shares of TSE:CGY traded down C$8.57 on Friday, reaching C$83.01. 129,228 shares of the company traded hands, compared to its average volume of 40,606. Calian Group has a fifty-two week low of C$44.89 and a fifty-two week high of C$95.50. The company’s 50 day moving average is C$81.57 and its 200-day moving average is C$77.39. The stock has a market capitalization of C$953.87 million, a PE ratio of 29.13, a P/E/G ratio of 2.50 and a beta of 0.96. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.51 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$230.40 million for the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%. As a group, analysts anticipate that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Insider Transactions at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the sale, the insider directly owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This trade represents a 22.41% decrease in their position. Corporate insiders own 0.63% of the company’s stock.

Calian Group Company Profile

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.