Calian Group Ltd. (TSE:CGY) Given Consensus Rating of “Buy” by Brokerages

Calian Group Ltd. (TSE:CGY) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$74.00.

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

Calian Group Stock Up 0.3 %

Shares of TSE CGY opened at C$49.31 on Thursday. The business has a 50-day moving average of C$47.56 and a two-hundred day moving average of C$51.58. The company has a market capitalization of C$584.32 million, a price-to-earnings ratio of 34.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Calian Group has a 1 year low of C$42.88 and a 1 year 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.

Insider Buying and Selling

In related news, insider Calian Technologies Ltd purchased 1,600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were purchased at an average price of C$46.55 per share, with a total value of C$74,480.00. Insiders acquired a total of 3,115 shares of company stock worth $143,777 in the last 90 days. Company insiders own 0.63% of the company’s stock.

Calian Group Company Profile

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.