Royal Bank Of Canada Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY – Get Free Report) had its price target increased by equities research analysts at Royal Bank Of Canada from C$78.00 to C$90.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 12.98% from the company’s current price.

A number of other brokerages have also recently issued reports on CGY. Canaccord Genuity Group boosted their target price on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Acumen Capital boosted their target price on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce upped their price target on shares of Calian Group from C$76.00 to C$90.00 in a report on Friday. Finally, Ventum Financial upped their price target on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$84.17.

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Calian Group Stock Performance

CGY stock traded down C$2.58 during midday trading on Friday, reaching C$79.66. 29,823 shares of the company’s stock traded hands, compared to its average volume of 46,331. The company has a 50-day moving average price of C$74.16 and a two-hundred day moving average price of C$64.74. The company has a debt-to-equity ratio of 64.10, a quick ratio of 1.20 and a current ratio of 1.65. Calian Group has a 52 week low of C$37.70 and a 52 week high of C$85.16. The firm has a market capitalization of C$909.24 million, a PE ratio of 34.94, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92.

Calian Group (TSE:CGY – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share (EPS) for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. The business had revenue of C$228.70 million for the quarter. As a group, equities analysts anticipate that Calian Group will post 4.9475219 EPS for the current year.

About Calian Group

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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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.

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