Ventum Financial Issues Pessimistic Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY) had its price objective reduced by stock analysts at Ventum Financial from C$70.00 to C$68.00 in a research report issued on Wednesday,BayStreet.CA reports. Ventum Financial’s target price would suggest a potential upside of 44.99% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Cormark cut their target price 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 cut their target price on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, CIBC cut their target price on shares of Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and an average price target of C$72.29.

Calian Group Stock Performance

Shares of CGY traded down C$1.08 during midday trading on Wednesday, reaching C$46.90. The stock had a trading volume of 27,381 shares, compared to its average volume of 13,788. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88. The firm has a 50 day simple moving average of C$48.55 and a 200-day simple moving average of C$51.03. The firm has a market cap of C$555.77 million, a PE ratio of 33.10, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a one year low of C$42.88 and a one year 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.