Calian Group Ltd. (TSE:CGY) Given Average Rating of “Buy” by Brokerages

Calian Group Ltd. (TSE:CGY) has been given a consensus rating of “Buy” by the eight research firms that are covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$87.94.

A number of research firms recently issued reports on CGY. Canadian Imperial Bank of Commerce upped their target price on Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Acumen Capital raised their price target on Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the stock a “buy” rating in a report on Wednesday, May 20th. Canaccord Genuity Group upped their price objective on Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Finally, Ventum Financial increased their price objective on Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th.

Calian Group Stock Performance

Shares of CGY opened at C$87.91 on Friday. Calian Group has a 12-month low of C$38.87 and a 12-month high of C$88.80. The stock has a market cap of C$1.00 billion, a P/E ratio of 30.85, a PEG ratio of 2.50 and a beta of 0.92. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. The company has a 50-day moving average of C$74.71 and a two-hundred day moving average of C$67.11.

Calian Group (TSE:CGY) last released its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The business had revenue of C$228.70 million for the quarter. As a group, research analysts predict that Calian Group will post 4.9475219 EPS for the current fiscal year.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, May 27th. Calian Group’s dividend payout ratio is 39.30%.

Insider Activity

In other news, insider Patrick Belanger Houston sold 6,432 shares of Calian Group stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the sale, the insider directly owned 22,266 shares in the company, valued at C$1,801,542.06. The trade was a 22.41% decrease in their ownership of the stock. 0.63% of the stock is owned by corporate insiders.

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.