Calian Group Ltd. (TSE:CGY) Receives C$92.06 Consensus Target Price from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have earned an average rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have covered the stock in the last year is C$92.06.

A number of research analysts have commented on CGY shares. ATB Cormark Capital Markets lifted their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce increased their target price on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Royal Bank Of Canada raised their price target on Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Ventum upped their price objective on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday, June 15th.

Calian Group Stock Performance

Shares of CGY opened at C$91.58 on Friday. 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 firm has a market cap of C$1.05 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The company’s 50 day simple moving average is C$81.57 and its 200-day simple moving average is C$77.39. Calian Group has a 12-month low of C$44.89 and a 12-month high of C$95.50.

Calian Group (TSE:CGY) last released its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$230.40 million during the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. As a group, equities analysts predict that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. Calian Group’s payout ratio is presently 39.30%.

Insider Activity

In other news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 owned 22,266 shares in the company, valued at C$1,801,542.06. This represents a 22.41% decrease in their ownership of the stock. Insiders own 0.63% of the company’s stock.

About Calian Group

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.