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Calian Group ( (TSE:CGY) ) just unveiled an update.
Calian Group Ltd. has acquired InField Scientific Inc., a Quebec-based engineering company known for its expertise in electromagnetic environmental effects (E3). This acquisition enhances Calian’s defence portfolio, enabling it to offer comprehensive electromagnetic solutions and expand into new markets. The collaboration with InField Scientific will support projects like Canada’s next-generation destroyers, strengthening relationships with key partners such as Lockheed Martin and the Royal Canadian Navy. The acquisition is expected to generate operational synergies and broaden service offerings, positioning Calian for future opportunities in defence 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 trusted provider of mission-critical solutions for sectors such as defence, space, healthcare, and other critical infrastructures. The company is headquartered in Ottawa and has a stable 40-year history with offices and projects spanning North American, European, and international markets. Calian specializes in innovative healthcare, communications, learning, and cybersecurity solutions.
Average Trading Volume: 22,370
Technical Sentiment Signal: Buy
Current Market Cap: C$561.1M
Learn more about CGY stock on TipRanks’ Stock Analysis page.