Calian Group (TSE:CGY) Price Target Cut to C$70.00 by Analysts at Acumen Capital

Calian Group (TSE:CGY) had its price objective reduced by Acumen Capital from C$75.00 to C$70.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

A number of other brokerages also recently weighed in on CGY. Cormark lowered their price target on Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. CIBC lowered their price target on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Ventum Financial lowered their price target on Calian Group from C$70.00 to C$68.00 in a report on Wednesday. Finally, Royal Bank of Canada reduced their price objective on Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$72.29.

Calian Group Stock Performance

Shares of TSE CGY opened at C$47.56 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The stock has a market capitalization of C$563.59 million, a price-to-earnings ratio of 33.49, a PEG ratio of 2.50 and a beta of 0.88. The stock’s fifty day simple moving average is C$48.55 and its 200 day simple moving average is C$50.97. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24.

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.