Calian Group Ltd. (TSE:CGY) Receives Consensus Recommendation of “Buy” from Analysts

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

A number of research firms have weighed in on CGY. CIBC reduced their price objective on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Royal Bank of Canada dropped their target price on shares of Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Ventum Financial dropped their target price on shares of Calian Group from C$74.00 to C$70.00 in a report on Friday, August 9th. Finally, Cormark dropped their target price on shares of Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th.

Insider Activity at Calian Group

In other news, insider Calian Technologies Ltd acquired 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of C$46.55 per share, with a total value of C$74,480.00. Over the last quarter, insiders bought 3,115 shares of company stock valued at $143,777. 0.63% of the stock is owned by company insiders.

Calian Group Stock Performance

TSE:CGY opened at C$49.79 on Thursday. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. The company has a fifty day moving average of C$47.37 and a two-hundred day moving average of C$51.66. The stock has a market capitalization of C$590.01 million, a PE ratio of 35.06, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24.

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). The company had revenue of C$185.00 million for the quarter, compared to analyst estimates of C$196.67 million. Calian Group had a return on equity of 5.17% and a net margin of 2.28%. As a group, research analysts forecast that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

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.