Calian Group (TSE:CGY) PT Lowered to C$73.00

Calian Group (TSE:CGY) had its target price dropped by stock analysts at Cormark from C$74.00 to C$73.00 in a research note issued on Friday, BayStreet.CA reports. Cormark’s price target would suggest a potential upside of 59.39% from the company’s previous close. Cormark also issued estimates for Calian Group’s FY2024 earnings at $4.21 EPS and FY2025 earnings at $5.15 EPS.

Several other equities research analysts have also recently issued reports on the company. Ventum Financial lowered their price objective on Calian Group from C$74.00 to C$70.00 in a report on Friday. Royal Bank of Canada decreased their price objective on Calian Group from C$75.00 to C$65.00 in a report on Friday. Canaccord Genuity Group upped their target price on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Acumen Capital raised their price target on shares of Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Finally, CIBC upped their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$74.13.

Calian Group Price Performance

Shares of CGY stock traded down C$2.29 during trading hours on Friday, hitting C$45.80. 43,873 shares of the company’s stock were exchanged, compared to its average volume of 8,281. Calian Group has a fifty-two week low of C$45.15 and a fifty-two week high of C$63.75. The firm has a market cap of C$542.73 million, a P/E ratio of 26.94, a P/E/G ratio of 2.50 and a beta of 0.93. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 32.06. The firm has a 50 day moving average of C$54.81 and a two-hundred day moving average of C$56.30.

Calian Group (TSE:CGY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a return on equity of 6.22% and a net margin of 2.80%. The company had revenue of C$185.00 million for the quarter, compared to analyst estimates of C$196.67 million. Sell-side analysts forecast that Calian Group will post 4.6162117 EPS for the current year.

Insiders Place Their Bets

In other news, Director Raymond Gregory Basler sold 4,000 shares of Calian Group stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total transaction of C$224,800.00. 0.62% of the stock is owned by insiders.

About Calian Group

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.