Canadian Imperial Bank of Commerce Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY) had its price objective lifted by Canadian Imperial Bank of Commerce from C$93.00 to C$107.00 in a research note issued to investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 28.90% from the stock’s current price.

CGY has been the subject of several other reports. Ventum lifted their target price on shares of Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, June 15th. Canaccord Genuity Group raised their price target on shares of Calian Group from C$103.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Royal Bank Of Canada lifted their price objective on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, May 15th. ATB Cormark Capital Markets upped their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Finally, Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Calian Group has an average rating of “Buy” and an average target price of C$101.72.

Calian Group Stock Performance

Shares of CGY stock traded down C$8.57 on Friday, hitting C$83.01. The company had a trading volume of 129,228 shares, compared to its average volume of 40,606. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$95.50. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 63.54. The firm has a market cap of C$953.87 million, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The company has a 50-day moving average price of C$81.57 and a 200-day moving average price of C$77.39.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share for the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%.The company had revenue of C$230.40 million during the quarter. As a group, equities research analysts predict that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Insider Activity at Calian Group

In other news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total value of C$520,413.12. Following the transaction, the insider owned 22,266 shares in the company, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their ownership of the stock. 0.63% of the stock is owned by insiders.

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