Calian Group (CGY) Stock Forecast & Price Target

C$56.50

+0.43 (+0.77%)

(As of 07/26/2024 ET)

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Calian Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Calian Group in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 7 have given a buy rating, and 1 has given a strong buy rating for CGY.

Consensus Price Target

C$78.14
38.31% Upside

High Forecast	C$87.00
Average Forecast	C$78.14
Low Forecast	C$74.00

According to the 8 analysts' twelve-month price targets for Calian Group, the average price target is C$78.14. The highest price target for CGY is C$87.00, while the lowest price target for CGY is C$74.00. The average price target represents a forecasted upside of 38.31% from the current price of C$56.50.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$78.14	C$78.14	C$76.17	C$80.60
Forecasted Upside	38.31% Upside	36.33% Upside	31.93% Upside	32.22% Upside

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CGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Calian Group Stock vs. The Competition

Type	Calian Group	Industrials Companies
Consensus Rating Score	3.13	2.61
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/16/2024	Ventum Cap Mkts 0 of 5 stars	R. Goff Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/17/2024	Cormark 2 of 5 stars		Boost Target		C$73.00 ➝ C$74.00	+28.36%
5/16/2024	Acumen Capital 3 of 5 stars	J. Byrne Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$78.00 ➝ C$80.00	+36.40%
5/16/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$75.00 ➝ C$80.00	+36.40%
5/16/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$72.00 ➝ C$75.00	+27.88%
5/13/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$75.00 ➝ C$76.00	+35.69%
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3/21/2024	Echelon Wealth Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Goff Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
3/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$86.00 ➝ C$87.00	+46.84%
8/31/2023	Industrial Alliance Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$75.00	+42.78%
11/28/2022	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$95.00 ➝ C$80.00	+25.61%
11/28/2022	Bank of Montreal Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$80.00	+29.22%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:19 PM ET.

CGY Forecast - Frequently Asked Questions

What is Calian Group's forecast for 2024?: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Calian Group is C$78.14, with a high forecast of C$87.00 and a low forecast of C$74.00.
Should I buy or sell Calian Group stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Calian Group in the last year. There are currently 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CGY shares.
Does Calian Group's stock price have much upside?: According to analysts, Calian Group's stock has a predicted upside of 36.33% based on their 12-month stock forecasts.
Has Calian Group been upgraded by Wall Street analysts recently?: Over the previous 90 days, Calian Group's stock had 1 upgrade by analysts.
What analysts cover Calian Group?: Calian Group has been rated by research analysts at Acumen Capital, Canaccord Genuity Group, CIBC, Cormark, Royal Bank of Canada, and Ventum Cap Mkts in the past 90 days.
Do Wall Street analysts like Calian Group more than its competitors?: Analysts like Calian Group more than other "industrials" companies. The consensus rating for Calian Group is Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how CGY compares to other companies.