Calian Group (TSE:CGY) Price Target Lowered to C$58.00 at Ventum Financial

Key Points

• Ventum Financial has lowered its price target for Calian Group from C$60.00 to C$58.00 while maintaining a "buy" rating, suggesting a potential upside of 22.11% from its current price.
• Calian Group shares experienced a 2.9% decline during trading hours, reaching C$47.50, with a market cap of C$563.87 million.
• Insiders at Calian Group have recently purchased shares, indicating confidence in the company's future performance, with insider ownership at 0.63% of the stock.

Calian Group (TSE:CGY - Get Free Report) had its target price cut by investment analysts at Ventum Financial from C$60.00 to C$58.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Ventum Financial's price target would indicate a potential upside of 22.11% from the stock's current price.

A number of other equities research analysts have also commented on the company. Royal Bank Of Canada dropped their target price on Calian Group from C$60.00 to C$58.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Desjardins dropped their target price on Calian Group from C$62.00 to C$59.00 and set a "buy" rating on the stock in a research report on Thursday. Canaccord Genuity Group dropped their target price on Calian Group from C$75.00 to C$60.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Finally, CIBC upped their target price on Calian Group from C$50.00 to C$59.00 in a research report on Monday, July 21st.

Calian Group Stock Down 2.9%

Shares of CGY stock traded down C$1.44 during trading hours on Thursday, reaching C$47.50. 20,079 shares of the company's stock were exchanged, compared to its average volume of 35,334. Calian Group has a 1 year low of C$37.70 and a 1 year high of C$53.36. The stock has a market cap of C$563.87 million, a PE ratio of 50.86, a PEG ratio of 2.50 and a beta of 0.88. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The stock's fifty day moving average price is C$49.04 and its two-hundred day moving average price is C$45.91.

Insider Transactions at Calian Group

In related news, Senior Officer Kevin Lee Ford purchased 1,000 shares of the firm's stock in a transaction on Monday, May 26th. The stock was bought at an average cost of C$38.05 per share, with a total value of C$38,050.00. Insiders purchased 2,934 shares of company stock valued at $116,566 over the last three months. Insiders own 0.63% of the company's stock.

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.

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