Calian Group (TSE:CGY) Price Target Cut to C$70.00 by Analysts at Acumen Capital

Calian Group (TSE:CGY) had its price objective reduced by Acumen Capital from C$75.00 to C$70.00 in a research report released on Wednesday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. Ventum Financial dropped their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday. CIBC dropped their price target on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Cormark cut their price objective on shares of Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada lowered their target price on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$72.29.

Calian Group Stock Up 0.9 %

Calian Group stock opened at C$48.50 on Wednesday. The business’s 50-day moving average price is C$48.57 and its 200 day moving average price is C$50.93. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The firm has a market cap of C$574.73 million, a price-to-earnings ratio of 34.15, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Calian Group has a 52 week low of C$42.88 and a 52 week high of C$61.24.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, December 9th. Calian Group’s dividend payout ratio is presently 78.87%.

Calian Group Company Profile

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.