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The latest update is out from Calian Group ( (TSE:CGY) ).
Calian Group Ltd. has announced the renewal and expansion of its debt agreement, securing a CDN$200 million facility with a syndicate led by Royal Bank of Canada and including other major financial institutions. The new three-year revolving credit facility totals $350 million, marking a 37% increase over the previous facility, and includes an uncommitted accordion feature for additional financial flexibility. This agreement reflects confidence in Calian’s business fundamentals and long-term strategy, positioning the company to pursue consistent growth and value creation in its core markets.
The most recent analyst rating on (TSE:CGY) stock is a Hold with a C$56.00 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 financial performance in revenue growth and cash flow, supported by positive earnings call insights. However, challenges in profitability, valuation concerns, and technical indicators suggest caution. The company’s strategic focus on defense and international growth provides a positive outlook, but cost management and ITCS segment issues need addressing.
To see Spark’s full report on TSE:CGY stock, click here.
More about Calian Group
Calian Group Ltd. is a mission-critical solutions company operating in sectors such as defense, space, healthcare, and strategic critical infrastructure. With over 40 years of experience, Calian empowers organizations worldwide to overcome challenges, manage risks, and drive progress through tailored solutions. Headquartered in Ottawa, Canada, the company employs over 5,000 people globally, delivering innovative solutions that protect lives, enhance security, and foster global connectivity.
Average Trading Volume: 23,087
Technical Sentiment Signal: Buy
Current Market Cap: C$563.1M
See more insights into CGY stock on TipRanks’ Stock Analysis page.