Acumen Capital Cuts Calian Group (TSE:CGY) Price Target to C$70.00

Calian Group (TSE:CGY) had its price objective decreased by equities research analysts at Acumen Capital from C$75.00 to C$70.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Acumen Capital’s price objective points to a potential upside of 49.25% from the company’s previous close.

Several other analysts have also recently commented on the stock. CIBC decreased their price target on shares of Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Cormark decreased their price target on shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Royal Bank of Canada decreased their price target on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, Ventum Financial decreased their price target on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and a consensus price target of C$72.29.

Calian Group Trading Down 2.3 %

Shares of TSE CGY traded down C$1.08 during trading hours on Wednesday, hitting C$46.90. The company’s stock had a trading volume of 27,381 shares, compared to its average volume of 13,788. 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 business has a 50-day simple moving average of C$48.55 and a 200-day simple moving average of C$51.03. Calian Group has a 12 month low of C$42.88 and a 12 month high of C$61.24. The stock has a market cap of C$555.77 million, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.50 and a beta of 0.88.

About Calian Group

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.