Calian Group (TSE:CGY) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Calian Group (TSE:CGY) had its target price upped by equities research analysts at Canaccord Genuity Group from C$60.00 to C$63.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 17.34% from the stock’s previous close.

Several other equities research analysts have also commented on CGY. Desjardins reduced their price target on shares of Calian Group from C$62.00 to C$59.00 and set a “buy” rating for the company in a report on Thursday, August 14th. CIBC upped their target price on Calian Group from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Royal Bank Of Canada increased their target price on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Ventum Financial reduced their price target on Calian Group from C$60.00 to C$58.00 and set a “buy” rating for the company in a research report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Calian Group presently has a consensus rating of “Buy” and a consensus target price of C$63.80.

Calian Group Stock Up 3.5%

Shares of Calian Group stock traded up C$1.83 during trading on Thursday, hitting C$53.69. 55,618 shares of the stock traded hands, compared to its average volume of 32,105. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The stock’s fifty day simple moving average is C$50.38 and its 200 day simple moving average is C$48.71. The firm has a market cap of C$609.11 million, a P/E ratio of -894.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Calian Group has a 52-week low of C$37.70 and a 52-week high of C$54.00.

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.