Desjardins Lowers Calian Group (TSE:CGY) Price Target to C$59.00

Calian Group (TSE:CGY) had its price objective lowered by equities researchers at Desjardins from C$62.00 to C$59.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 24.63% from the stock’s current price. Desjardins also issued estimates for Calian Group’s FY2025 earnings at $3.85 EPS.

Several other equities analysts also recently commented on CGY. Ventum Financial set a C$60.00 price target on Calian Group and gave the company a “buy” rating in a report on Wednesday, June 11th. Royal Bank Of Canada lowered their price target on Calian Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Canaccord Genuity Group reduced their price objective on Calian Group from C$75.00 to C$60.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Finally, CIBC increased their price objective on Calian Group from C$50.00 to C$59.00 in a research report on Monday, July 21st.

Calian Group Trading Up 0.0%

Shares of CGY stock opened at C$47.34 on Thursday. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$53.36. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The business’s 50 day moving average is C$49.31 and its two-hundred day moving average is C$45.86. The company has a market cap of C$561.97 million, a PE ratio of 50.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Insider Activity at Calian Group

In other news, Senior Officer Kevin Lee Ford bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, May 26th. The stock was acquired at an average cost of C$38.05 per share, for a total transaction of C$38,050.00. Insiders acquired 2,687 shares of company stock valued at $106,602 in the last three months. Corporate insiders own 0.63% of the company’s stock.

About Calian Group

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.