Calian Group (TSE:CGY) Given a C$105.00 Price Target at Scotia

Key Points

• Scotia set a C$105.00 price target on Calian Group and maintained a “sector outperform” rating, implying 25.63% upside from the prior close.
• Analyst sentiment is broadly positive: all 11 analysts rate the stock “Buy,” with a consensus target price of C$102.21. Recent targets range from C$100.00 to C$109.00.
• Calian shares traded at C$83.58, while the company reported quarterly EPS of C$1.10 on C$230.40 million in revenue; analysts expect full-year EPS of C$4.95.

Calian Group (TSE:CGY - Get Free Report) received a C$105.00 price objective from research analysts at Scotia in a note issued to investors on Friday, BayStreet reports. The firm presently has a "sector outperform" rating on the stock. Scotia's price objective points to a potential upside of 25.63% from the company's previous close.

A number of other research firms have also recently commented on CGY. National Bank Financial set a C$100.00 target price on Calian Group and gave the company an "outperform" rating in a research report on Tuesday, September 15th. Ventum Capital set a C$106.00 price objective on Calian Group and gave the company a "buy" rating in a research report on Thursday, September 17th. Royal Bank Of Canada increased their target price on Calian Group from C$90.00 to C$105.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Desjardins lifted their price target on shares of 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. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Eleven analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of C$102.21.

Calian Group Stock Performance

Shares of TSE CGY traded down C$1.56 during midday trading on Friday, reaching C$83.58. 12,487 shares of the stock were exchanged, compared to its average volume of 40,301. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 54.28. The firm has a market cap of C$963.09 million, a price-to-earnings ratio of 25.33, a PEG ratio of 2.50 and a beta of 0.66. The firm has a 50-day simple moving average of C$80.96 and a two-hundred day simple moving average of C$77.56. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$95.50.

Calian Group (TSE:CGY - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The firm had revenue of C$230.40 million during the quarter. As a group, analysts anticipate that Calian Group will post 4.95 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Patrick Belanger Houston bought 699 shares of Calian Group stock in a transaction on Friday, August 28th. The stock was acquired at an average price of C$73.18 per share, with a total value of C$51,152.82. Following the completion of the acquisition, the insider directly owned 22,965 shares of the company's stock, valued at C$1,680,578.70. The trade was a 3.14% increase in their ownership of the stock. Company insiders own 0.63% of the company's stock.

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.

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