Calian Group (TSE:CGY) Price Target Raised to C$80.00 at Acumen Capital

Calian Group (TSE:CGY - Get Free Report) had its price objective upped by Acumen Capital from C$78.00 to C$80.00 in a note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's target price would suggest a potential upside of 37.76% from the company's current price.

Several other equities analysts have also weighed in on CGY. Canaccord Genuity Group boosted their target price on shares of Calian Group from C$75.00 to C$80.00 and gave the company a "buy" rating in a report on Thursday. Royal Bank of Canada boosted their price objective on shares of Calian Group from C$72.00 to C$75.00 and gave the stock an "outperform" rating in a research report on Thursday. Cormark boosted their price target on Calian Group from C$66.00 to C$73.00 in a research report on Tuesday, February 20th. CIBC lifted their price target on Calian Group from C$75.00 to C$76.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Desjardins raised their target price on shares of Calian Group from C$86.00 to C$87.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$78.00.

Calian Group Stock Down 0.6 %

Shares of CGY stock traded down C$0.33 during mid-day trading on Thursday, hitting C$58.07. The stock had a trading volume of 10,375 shares, compared to its average volume of 7,241. The firm has a market capitalization of C$688.13 million, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The firm's 50-day moving average is C$56.55 and its two-hundred day moving average is C$55.99. The company has a debt-to-equity ratio of 40.20, a current ratio of 1.01 and a quick ratio of 1.20. Calian Group has a 12-month low of C$46.27 and a 12-month high of C$64.88.

Calian Group (TSE:CGY - Get Free Report) last issued its earnings results on Wednesday, February 14th. The company reported C$0.46 EPS for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.61). The company had revenue of C$179.18 million during the quarter, compared to analysts' expectations of C$167.90 million. Calian Group had a return on equity of 6.20% and a net margin of 2.87%. On average, analysts predict that Calian Group will post 4.4461028 earnings per share for the current fiscal year.

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.