Calian Group Ltd. (TSE:CGY) Receives C$74.00 Average Target Price from Brokerages

Calian Group Ltd. (TSE:CGY) has earned an average rating of “Buy” from the seven research firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$74.00.

Several analysts have issued reports on the company. CIBC cut their target price on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Cormark reduced their target price on shares of Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Ventum Financial decreased their target price on shares of Calian Group from C$74.00 to C$70.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada cut their price target on shares of Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th.

Insider Activity at Calian Group

In other Calian Group news, insider Calian Technologies Ltd bought 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of C$46.55 per share, for a total transaction of C$74,480.00. Insiders have acquired a total of 3,115 shares of company stock worth $143,777 in the last 90 days. Company insiders own 0.63% of the company’s stock.

Calian Group Trading Up 0.2 %

Shares of CGY stock opened at C$48.45 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The firm has a market cap of C$574.13 million, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The business has a 50-day moving average price of C$47.70 and a two-hundred day moving average price of C$51.49. Calian Group has a 12-month low of C$42.88 and a 12-month high of C$61.24.

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.