Calian Group Ltd. (TSE:CGY) Receives Average Recommendation of “Buy” from Analysts

Calian Group Ltd. (TSE:CGY) has received an average rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have covered the stock in the last year is C$89.28.

Several analysts have weighed in on CGY shares. Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce boosted their target price on shares of Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th. Ventum boosted their target price on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Ventum Financial boosted their target price on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research report on Tuesday, March 10th. Finally, Royal Bank Of Canada boosted their target price on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th.

Calian Group Trading Down 1.1%

Calian Group stock opened at C$76.63 on Thursday. The stock has a 50-day moving average of C$78.37 and a two-hundred day moving average of C$71.13. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. Calian Group has a one year low of C$44.89 and a one year high of C$92.34. The stock has a market cap of C$880.56 million, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

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

Calian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.5%. The ex-dividend date was Wednesday, May 27th. Calian Group’s payout ratio is presently 39.30%.

Insider Activity at Calian Group

In other news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the sale, the insider directly owned 22,266 shares of the company’s stock, valued at C$1,801,542.06. This represents a 22.41% decrease in their position. 0.63% of the stock is owned by company 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.