Calian Group (TSE:CGY) Hits New 1-Year High After Dividend Announcement

Calian Group Ltd. (TSE:CGY) hit a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as C$59.21 and last traded at C$59.21, with a volume of 20269 shares traded. The stock had previously closed at C$58.15.

The newly announced dividend which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Calian Group’s payout ratio is presently 63.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. CIBC boosted their price objective on Calian Group from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. Ventum Financial increased their price objective on shares of Calian Group from C$58.00 to C$62.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. Canaccord Genuity Group upped their price target on Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Finally, Desjardins lifted their price target on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$63.80.

Calian Group Stock Up 2.4%

The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The company has a market capitalization of C$690.19 million, a PE ratio of 34.55, a PEG ratio of 2.50 and a beta of 0.32. The business has a fifty day moving average of C$51.78 and a 200 day moving average of C$49.77.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share (EPS) for the quarter. The company had revenue of C$203.18 million for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%. Equities research analysts anticipate that Calian Group Ltd. will post 4.9475219 EPS for the current year.

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.