Ventum Financial Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Key Points

• Ventum Financial raised its price objective on Calian Group from C$84.00 to C$94.00 and maintained a "buy" rating, implying roughly a 15.98% upside from the previous close.
• Multiple brokerages have recently lifted targets and, based on MarketBeat data, Calian carries a consensus "Buy" rating with a consensus target price of C$76.83.
• Calian shares traded at C$81.05 (market cap ~C$925.1M); the company reported Q results of C$1.03 EPS and C$208M revenue.

Calian Group (TSE:CGY - Get Free Report) had its price objective increased by equities research analysts at Ventum Financial from C$84.00 to C$94.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's target price suggests a potential upside of 15.98% from the company's previous close.

A number of other analysts have also issued reports on the stock. Desjardins increased their price target on shares of Calian Group from C$59.00 to C$66.00 and gave the stock a "buy" rating in a research report on Thursday, November 27th. Canadian Imperial Bank of Commerce increased their price objective on Calian Group from C$65.00 to C$76.00 in a report on Friday, February 13th. Canaccord Genuity Group lifted their target price on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Royal Bank Of Canada increased their price objective on Calian Group from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research report on Friday, February 13th. Finally, Acumen Capital lifted their target price on Calian Group from C$70.00 to C$85.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Calian Group presently has a consensus rating of "Buy" and a consensus target price of C$76.83.

Calian Group Stock Performance

TSE CGY traded down C$0.92 during trading hours on Tuesday, hitting C$81.05. The company had a trading volume of 28,450 shares, compared to its average volume of 52,308. The firm has a market cap of C$925.10 million, a P/E ratio of 35.55, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. The business has a fifty day simple moving average of C$67.18 and a 200-day simple moving average of C$57.50. Calian Group has a fifty-two week low of C$37.70 and a fifty-two week high of C$85.16. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 64.10.

Calian Group (TSE:CGY - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share (EPS) for the quarter. The company had revenue of C$208.00 million during the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%. Equities analysts predict that Calian Group will post 4.9475219 EPS for the current year.

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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