Canadian Imperial Bank of Commerce Increases Calian Group (TSE:CGY) Price Target to C$107.00

Calian Group (TSE:CGY) had its price objective hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$93.00 to C$107.00 in a note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective points to a potential upside of 28.90% from the company’s current price.

Several other research firms have also recently commented on CGY. Royal Bank Of Canada increased their price target on Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Ventum boosted their price objective on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. ATB Cormark Capital Markets upped their target price on Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Stifel Nicolaus set a C$100.00 target price on Calian Group and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Finally, Canaccord Genuity Group lifted their price target on Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and a consensus target price of C$101.72.

Calian Group Price Performance

TSE CGY traded down C$8.57 during trading hours on Friday, hitting C$83.01. 129,228 shares of the company’s stock traded hands, compared to its average volume of 40,606. Calian Group has a 52-week low of C$44.89 and a 52-week high of C$95.50. The company has a market capitalization of C$953.87 million, a PE ratio of 29.13, a PEG 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. The firm’s 50-day moving average is C$81.57 and its 200-day moving average is C$77.39.

Calian Group (TSE:CGY) last released its quarterly earnings data on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The company had revenue of C$230.40 million during the quarter. Equities analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

Insider Transactions at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of Calian Group stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total value of C$520,413.12. Following the sale, the insider owned 22,266 shares in the company, valued at C$1,801,542.06. The trade was a 22.41% decrease in their ownership of the stock. 0.63% of the stock is currently owned by company 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.