Calian Group (TSE:CGY) Given New C$106.00 Price Target at Ventum Financial

Key Points

• Ventum Financial raised Calian Group’s price target to C$106 from C$100 while maintaining a “buy” rating, implying 27.7% upside from the reported C$83.01 share price. Analysts overall maintain a consensus “Buy” rating with a C$101.72 target.
• Calian shares fell 9.4% in Friday trading to C$83.01, despite remaining above their 50-day and 200-day moving averages. The stock’s market capitalization was approximately C$953.9 million.
• Calian reported quarterly EPS of C$1.10 and revenue of C$230.4 million, with a 3.97% net margin and 10.35% return on equity. An insider also sold 6,432 shares for approximately C$520,000, reducing their direct holding by 22.41%.

Calian Group (TSE:CGY - Get Free Report) had its target price boosted by analysts at Ventum Financial from C$100.00 to C$106.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. Ventum Financial's price objective indicates a potential upside of 27.70% from the company's current price.

CGY has been the topic of several other research reports. Canadian Imperial Bank of Commerce upped their target price on Calian Group from C$93.00 to C$107.00 in a research report on Friday. Canaccord Genuity Group lifted their target price on Calian Group from C$103.00 to C$105.00 and gave the stock a "buy" rating in a report on Monday, June 29th. Ventum boosted their price target on Calian Group from C$94.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the stock a "buy" rating in a report on Wednesday, May 20th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the company an "outperform" rating in a research note on Tuesday, May 19th. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$101.72.

Calian Group Trading Down 9.4%

TSE CGY traded down C$8.57 during mid-day trading on Friday, reaching C$83.01. 129,228 shares of the stock were exchanged, compared to its average volume of 40,606. The stock has a market cap of C$953.87 million, a P/E ratio of 29.13, a P/E/G ratio of 2.50 and a beta of 0.96. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.51 and a quick ratio of 1.20. Calian Group has a one year low of C$44.89 and a one year high of C$95.50. The stock has a 50 day simple moving average of C$81.57 and a 200-day simple moving average of C$77.39.

Calian Group (TSE:CGY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The business had revenue of C$230.40 million for the quarter. On average, analysts anticipate that Calian Group will post 4.9475219 EPS for the current year.

Insiders Place Their Bets

In related news, insider Patrick Belanger Houston sold 6,432 shares of the company's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the transaction, the insider directly owned 22,266 shares of the company's stock, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their position. 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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