Calian Group (TSE:CGY) Given a C$100.00 Price Target by National Bank Financial Analysts

Key Points

• National Bank Financial set a C$100.00 price target for Calian Group and maintained an “outperform” rating, implying 19.47% upside from the prior close.
• Analyst sentiment is broadly positive: all 10 analysts rate the stock a Buy, with a consensus target price of C$101.55.
• Calian shares rose 3.0% to C$83.70, while the company’s latest quarter included C$1.10 in EPS and C$230.40 million in revenue; an insider also purchased 699 shares worth about C$51,153.

Calian Group (TSE:CGY - Get Free Report) received a C$100.00 target price from equities researchers at National Bank Financial in a research report issued to clients and investors on Tuesday, BayStreet reports. The brokerage presently has an "outperform" rating on the stock. National Bank Financial's price objective would indicate a potential upside of 19.47% from the company's previous close.

Other analysts have also recently issued research reports about the company. Ventum raised their price objective on Calian Group from C$94.00 to C$100.00 and gave the stock a "buy" rating in a research report on Monday, June 15th. Stifel Nicolaus set a C$100.00 target price on Calian Group and gave the company a "buy" rating in a research report on Wednesday, May 20th. Desjardins increased their price target on Calian Group from C$104.00 to C$109.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Royal Bank Of Canada raised their price target on Calian Group from C$90.00 to C$105.00 and gave the stock an "outperform" rating in a report on Friday, August 14th. Finally, Canaccord Genuity Group boosted their price target on Calian Group from C$103.00 to C$105.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Ten investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$101.55.

Calian Group Stock Up 3.0%

TSE:CGY traded up C$2.43 during midday trading on Tuesday, reaching C$83.70. 21,899 shares of the stock traded hands, compared to its average volume of 41,861. Calian Group has a 12-month low of C$44.89 and a 12-month high of C$95.50. The business has a 50-day moving average of C$79.61 and a two-hundred day moving average of C$78.89. 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 has a market capitalization of C$964.48 million, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.79.

Calian Group (TSE:CGY - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. The business had revenue of C$230.40 million for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. On average, equities analysts forecast that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Insider Activity at Calian Group

In other Calian Group news, insider Patrick Belanger Houston bought 699 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of C$73.18 per share, for a total transaction of C$51,152.82. Following the completion of the transaction, the insider directly owned 22,965 shares of the company's stock, valued at approximately C$1,680,578.70. This trade represents a 3.14% increase in their position. 0.63% of the stock is owned by company insiders.

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.

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