Calian Group (TSE:CGY) Price Target Raised to C$65.00

Calian Group (TSE:CGY) had its price target upped by CIBC from C$62.00 to C$65.00 in a research report report published on Wednesday,BayStreet.CA reports.

Several other brokerages have also commented on CGY. Ventum Financial increased their price objective on Calian Group from C$58.00 to C$62.00 and gave the company a “buy” rating in a report on Thursday, November 27th. Desjardins upped their target price on Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research report on Thursday, November 27th. Royal Bank Of Canada increased their price target on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 27th. Finally, Canaccord Genuity Group boosted their price target on Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and a consensus price target of C$64.40.

Calian Group Stock Performance

CGY stock opened at C$59.00 on Wednesday. Calian Group has a one year low of C$37.70 and a one year high of C$61.10. The firm has a market cap of C$673.25 million, a price-to-earnings ratio of 33.52, a PEG ratio of 2.50 and a beta of 0.38. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The firm has a 50-day simple moving average of C$55.33 and a two-hundred day simple moving average of C$52.23.

Calian Group (TSE:CGY) last posted its quarterly earnings data on Wednesday, November 26th. The company reported C$1.00 EPS for the quarter. The firm had revenue of C$203.18 million during the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. On average, equities analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.9%. Calian Group’s dividend payout ratio is currently 63.64%.

Calian Group Company Profile

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.