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Calian Group ( (TSE:CGY) ) has issued an announcement.
Calian Group Ltd. announced the renewal of its normal course issuer bid (NCIB), allowing the company to repurchase up to 796,283 of its common shares over a 12-month period. This move reflects the company’s belief that its current share price does not fully capture its intrinsic value and long-term potential. With a $1.5 billion backlog and over a decade of record revenue, Calian aims to enhance shareholder value and maintain flexibility in its capital management strategy.
The most recent analyst rating on (TSE:CGY) stock is a Hold with a C$51.00 price target. To see the full list of analyst forecasts on Calian Group stock, see the TSE:CGY Stock Forecast page.
Spark’s Take on TSE:CGY Stock
According to Spark, TipRanks’ AI Analyst, TSE:CGY is a Neutral.
Calian Group’s overall stock score reflects strong revenue growth and cash flow generation, which are offset by declining profitability margins and increased leverage. The technical indicators suggest bearish momentum, and the valuation is unattractive due to negative earnings. The earnings call provided a mixed outlook, with growth in the defense sector but challenges in the ITCS segment.
To see Spark’s full report on TSE:CGY stock, click here.
More about Calian Group
Calian Group Ltd. operates in the technology and professional services industry, offering a diverse range of services including healthcare, IT, training, and engineering solutions. The company is focused on delivering long-term value to its stakeholders and has a strong presence in the defense sector, which supports its growth outlook.
Average Trading Volume: 26,681
Technical Sentiment Signal: Buy
Current Market Cap: C$542.5M
For detailed information about CGY stock, go to TipRanks’ Stock Analysis page.