Brokerages Set Calian Group Ltd. (TSE:CGY) Target Price at C$74.00

Calian Group Ltd. (TSE:CGY) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$74.00.

Several analysts have recently commented on the company. Royal Bank of Canada reduced their price target on Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Cormark decreased their target price on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Ventum Financial reduced their price objective on shares of Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. CIBC lowered their target price on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Finally, Ventum Cap Mkts upgraded shares of Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th.

Insider Buying and Selling at Calian Group

In other news, insider Calian Technologies Ltd bought 1,600 shares of Calian Group stock in a transaction on Tuesday, August 20th. The shares were bought at an average cost of C$46.55 per share, for a total transaction of C$74,480.00. In the last 90 days, insiders have purchased 3,115 shares of company stock worth $143,777. 0.63% of the stock is owned by insiders.

Calian Group Price Performance

Calian Group stock opened at C$49.18 on Thursday. The business has a 50 day simple moving average of C$47.56 and a 200-day simple moving average of C$51.60. Calian Group has a 12 month low of C$42.88 and a 12 month high of C$61.24. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a market capitalization of C$582.78 million, a PE ratio of 34.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The firm had revenue of C$185.00 million for the quarter, compared to analyst estimates of C$196.67 million. Calian Group had a return on equity of 5.17% and a net margin of 2.28%. Equities analysts predict that Calian Group will post 4.9475219 earnings per share for the current year.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.