Calian Group (TSE:CGY) Sets New 12-Month High – Here’s Why

Calian Group Ltd. (TSE:CGY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$53.76 and last traded at C$53.76, with a volume of 159481 shares trading hands. The stock had previously closed at C$46.29.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. CIBC boosted their price target on shares of Calian Group from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Desjardins dropped their target price on shares of Calian Group from C$62.00 to C$59.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Finally, Ventum Financial decreased their price target on Calian Group from C$60.00 to C$58.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$61.17.

Calian Group Price Performance

The firm has a market capitalization of C$593.12 million, a P/E ratio of -871.33, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The business has a 50-day moving average of C$50.37 and a 200 day moving average of C$48.68. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management.