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

Calian Group (TSE:CGY) had its price target dropped by equities researchers at Ventum Financial from C$70.00 to C$68.00 in a research note issued on Wednesday,BayStreet.CA reports. Ventum Financial’s target price would suggest a potential upside of 44.99% from the company’s previous close.

Several other equities analysts have also issued reports on the company. CIBC decreased their price target on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Cormark dropped their target price on shares of Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada reduced their price target on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$72.29.

Calian Group Price Performance

Calian Group stock traded down C$1.08 during mid-day trading on Wednesday, reaching C$46.90. 27,381 shares of the company were exchanged, compared to its average volume of 13,788. The firm has a market cap of C$555.77 million, a PE ratio of 33.10, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company has a fifty 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.

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.