Calian Group (TSE:CGY) Price Target Raised to C$90.00 at Canadian Imperial Bank of Commerce

Calian Group (TSE:CGY) had its target price boosted by analysts at Canadian Imperial Bank of Commerce from C$76.00 to C$90.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 12.98% from the stock’s previous close.

A number of other analysts have also commented on the company. Canaccord Genuity Group boosted their target price on Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Acumen Capital boosted their target price on Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Ventum Financial boosted their target price on Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada boosted their price objective on Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and an average target price of C$84.17.

Calian Group Stock Down 3.1%

Calian Group stock traded down C$2.58 during midday trading on Friday, reaching C$79.66. The stock had a trading volume of 29,823 shares, compared to its average volume of 46,331. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$85.16. The company has a market capitalization of C$909.24 million, a P/E ratio of 34.94, a PEG ratio of 2.50 and a beta of 0.92. The company has a fifty day moving average price of C$74.16 and a two-hundred day moving average price of C$64.74. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 64.10.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%.The business had revenue of C$228.70 million during the quarter. As a group, equities analysts expect that Calian Group will post 4.9475219 EPS 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.