Calian Group (TSE:CGY) Reaches New 52-Week High – Time to Buy?

Calian Group Ltd. (TSE:CGY)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$61.34 and last traded at C$61.34, with a volume of 29157 shares changing hands. The stock had previously closed at C$59.00.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. CIBC lifted their target price on Calian Group from C$62.00 to C$65.00 in a research report on Wednesday, January 14th. Ventum Financial lifted 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 report on Thursday, November 27th. Royal Bank Of Canada increased their target price on shares of Calian Group from C$58.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, November 27th. Canaccord Genuity Group raised their target price on shares of Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a research report on Thursday, November 27th. Finally, Desjardins boosted their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$64.40.

Calian Group Stock Up 3.7%

The firm has a market capitalization of C$698.01 million, a P/E ratio of 34.76, a PEG ratio of 2.50 and a beta of 0.38. The firm’s 50 day moving average is C$55.33 and its two-hundred day moving average is C$52.26. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

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

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Calian Group’s payout ratio is 63.64%.

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.