Ventum Financial Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY) had its price target lifted by research analysts at Ventum Financial from C$62.00 to C$72.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s price objective would indicate a potential upside of 12.50% from the company’s previous close.

Several other equities analysts also recently commented on the company. Desjardins upped their target price on Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research report on Thursday, November 27th. Canaccord Genuity Group upped their price objective on Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a report on Thursday, November 27th. Royal Bank Of Canada lifted their target price on Calian Group from C$58.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, November 27th. Finally, CIBC upped their price target on shares of Calian Group from C$62.00 to C$65.00 in a research note on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$66.40.

Calian Group Stock Performance

CGY stock traded up C$1.00 during midday trading on Tuesday, reaching C$64.00. 38,226 shares of the company were exchanged, compared to its average volume of 32,497. The firm has a market capitalization of C$730.30 million, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38. The business has a 50-day moving average price of C$56.52 and a two-hundred day moving average price of C$52.74. Calian Group has a one year low of C$37.70 and a one year high of C$65.59. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last announced its earnings results on Wednesday, November 26th. The company reported C$1.00 EPS for the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. The business had revenue of C$203.18 million during the quarter. Equities research analysts forecast that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Company Profile

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.