CIBC Increases Calian Group (TSE:CGY) Price Target to C$65.00

Calian Group (TSE:CGY) had its target price raised by equities researchers at CIBC from C$62.00 to C$65.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 9.01% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Royal Bank Of Canada raised their price objective on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, November 27th. Ventum Financial lifted their price target on shares of Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. Desjardins boosted their price objective on shares of Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Finally, Canaccord Genuity Group increased their target price 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. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$64.40.

Calian Group Price Performance

Shares of Calian Group stock traded up C$0.27 on Wednesday, hitting C$59.63. 10,369 shares of the company traded hands, compared to its average volume of 23,244. Calian Group has a 12-month low of C$37.70 and a 12-month high of C$61.10. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The company has a market cap of C$676.80 million, a P/E ratio of 33.88, a P/E/G ratio of 2.50 and a beta of 0.38. The firm’s 50-day simple moving average is C$54.78 and its 200 day simple moving average is C$52.08.

Calian Group (TSE:CGY) last released its earnings results on Wednesday, November 26th. The company reported C$1.00 EPS for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%.The business had revenue of C$203.18 million for the quarter. Analysts expect that Calian Group will post 4.9475219 earnings per share for the current fiscal 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.