Calian Group (TSE:CGY) PT Set at C$105.00 by Scotia

Calian Group (TSE:CGY) has been given a C$105.00 price target by Scotia in a note issued to investors on Friday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotia‘s price target points to a potential upside of 25.63% from the company’s previous close.

CGY has been the topic of a number of other research reports. Royal Bank Of Canada boosted their price objective on Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. National Bank Financial set a C$100.00 target price on Calian Group and gave the stock an “outperform” rating in a research note on Tuesday, September 15th. Canadian Imperial Bank of Commerce lifted their price target on Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Desjardins boosted their price target on shares of Calian Group from C$104.00 to C$109.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Ventum Capital set a C$106.00 price target on shares of Calian Group and gave the company a “buy” rating in a research report on Thursday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$102.21.

Calian Group Price Performance

CGY traded down C$1.56 on Friday, reaching C$83.58. 12,487 shares of the company’s stock were exchanged, compared to its average volume of 40,301. The stock has a market cap of C$963.09 million, a PE ratio of 25.33, a P/E/G ratio of 2.50 and a beta of 0.66. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$95.50. The stock’s fifty day moving average price is C$80.96 and its 200-day moving average price is C$77.56. The company has a debt-to-equity ratio of 54.28, a current ratio of 1.61 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%. The business had revenue of C$230.40 million during the quarter. Sell-side analysts expect that Calian Group will post 4.95 EPS for the current year.

Insider Buying and Selling

In other Calian Group news, insider Patrick Belanger Houston purchased 699 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of C$73.18 per share, with a total value of C$51,152.82. Following the purchase, the insider directly owned 22,965 shares in the company, valued at approximately C$1,680,578.70. This trade represents a 3.14% increase in their position. 0.63% of the stock is owned by corporate insiders.

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.