Calian Group (TSE:CGY) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Calian Group (TSE:CGY) had its price target upped by research analysts at Canaccord Genuity Group from C$103.00 to C$105.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 22.32% from the stock’s current price.

CGY has been the topic of a number of other research reports. ATB Cormark Capital Markets upped their target price on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Ventum lifted their price objective on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, June 15th. Royal Bank Of Canada upped their price objective on Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce increased their target price on Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. Finally, Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a research note on Wednesday, May 20th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$92.06.

Calian Group Stock Performance

CGY stock traded up C$0.84 during midday trading on Monday, hitting C$85.84. The stock had a trading volume of 10,818 shares, compared to its average volume of 43,260. The firm has a market capitalization of C$986.39 million, a price-to-earnings ratio of 30.12, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a 52 week low of C$44.89 and a 52 week high of C$92.34. The stock has a 50-day simple moving average of C$79.08 and a 200 day simple moving average of C$71.81. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share (EPS) for the quarter. The firm had revenue of C$228.70 million for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. As a group, equities research analysts anticipate that Calian Group will post 4.9475219 earnings per share for the current year.

Insider Transactions at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the 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 transaction, 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.

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.