Calian Group (TSE:CGY) Stock Price Expected to Rise, Acumen Capital Analyst Says

Calian Group (TSE:CGY) had its price objective increased by equities research analysts at Acumen Capital from C$70.00 to C$85.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price objective would suggest a potential upside of 20.02% from the stock’s current price.

CGY has been the topic of several other research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Calian Group from C$62.00 to C$65.00 in a research note on Wednesday, January 14th. Canaccord Genuity Group boosted their price target on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday. Ventum Financial upped their price objective on shares of Calian Group from C$62.00 to C$72.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Royal Bank Of Canada raised their price objective on shares of Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday. Finally, CIBC World Markets lifted their target price on shares of Calian Group from C$65.00 to C$76.00 in a research note on Friday. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, Calian Group presently has an average rating of “Buy” and a consensus target price of C$73.43.

Calian Group Price Performance

CGY traded up C$4.68 during midday trading on Friday, reaching C$70.82. 69,842 shares of the company’s stock were exchanged, compared to its average volume of 48,852. 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 business has a 50-day simple moving average of C$60.12 and a two-hundred day simple moving average of C$53.98. The firm has a market capitalization 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. Calian Group has a one year low of C$37.70 and a one year high of C$71.92.

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