CIBC Lowers Calian Group (TSE:CGY) Price Target to C$62.00

Calian Group (TSE:CGY) had its price objective dropped by investment analysts at CIBC from C$63.00 to C$62.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 39.33% from the stock’s current price.

CGY has been the topic of a number of other research reports. Acumen Capital lowered their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial lowered their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Calian Group has a consensus rating of “Buy” and an average price target of C$72.14.

Calian Group Trading Down 1.0 %

Shares of TSE CGY opened at C$44.50 on Friday. The firm’s 50 day moving average price is C$48.62 and its 200-day moving average price is C$48.30. The company has a market cap of C$528.26 million, a PE ratio of 47.65, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29.

Insider Buying and Selling at Calian Group

In other news, Director Young Park sold 4,194 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$50.09, for a total value of C$210,077.46. Also, Director Raymond Gregory Basler sold 849 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. Over the last ninety days, insiders acquired 2,297 shares of company stock valued at $110,638 and sold 10,884 shares valued at $528,380. 0.63% of the stock is owned by corporate insiders.

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.