Calian Group (TSE:CGY) PT Set at C$106.00 by Ventum Capital

Calian Group (TSE:CGY) has been given a C$106.00 price objective by investment analysts at Ventum Capital in a report released on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Ventum Capital’s price objective suggests a potential upside of 28.21% from the stock’s previous close.

A number of other brokerages have also recently commented on CGY. 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. Canadian Imperial Bank of Commerce boosted their price objective on Calian Group from C$93.00 to C$107.00 in a research report on Friday, August 14th. Ventum Financial set a C$106.00 target price on Calian Group and gave the stock a “buy” rating in a report on Thursday, August 27th. Royal Bank Of Canada lifted their price target on Calian Group from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Ventum boosted their price target on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Eleven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$101.95.

Calian Group Price Performance

Shares of CGY stock traded up C$0.48 during trading on Thursday, hitting C$82.68. The company had a trading volume of 25,967 shares, compared to its average volume of 41,792. The firm has a market capitalization of C$952.72 million, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79. Calian Group has a one year low of C$44.89 and a one year high of C$95.50. The company has a debt-to-equity ratio of 54.28, a quick ratio of 1.20 and a current ratio of 1.61. The stock’s 50-day moving average price is C$79.67 and its 200 day moving average price is C$78.94.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The company had revenue of C$230.40 million during the quarter. Equities analysts expect that Calian Group will post 4.9475219 EPS for the current fiscal year.

Insider Activity at Calian Group

In other news, insider Patrick Belanger Houston purchased 699 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of C$73.18 per share, for a total transaction of C$51,152.82. Following the completion of the acquisition, the insider owned 22,965 shares in the company, valued at C$1,680,578.70. This trade represents a 3.14% increase in their ownership of the stock. 0.63% of the stock is currently owned by corporate insiders.

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.