Calian Group Ltd. (TSE:CGY) Receives Consensus Rating of “Buy” from Brokerages

Calian Group Ltd. (TSE:CGY) has been given an average rating of “Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$74.83.

CGY has been the topic of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce increased their price target on shares of Calian Group from C$65.00 to C$76.00 in a report on Friday, February 13th. Acumen Capital raised their price target on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their price objective on Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Finally, Desjardins boosted their price target on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th.

Calian Group Stock Down 1.6%

CGY stock opened at C$81.97 on Tuesday. The business has a 50 day moving average of C$67.18 and a 200 day moving average of C$57.50. The firm has a market cap of C$935.61 million, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. Calian Group has a twelve month low of C$37.70 and a twelve month high of C$85.16. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 64.10.

Calian Group (TSE:CGY) last released its earnings results on Thursday, February 12th. The company reported C$1.03 EPS for the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%.The business had revenue of C$208.00 million for the quarter. On average, research analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, February 25th. This represents a $1.12 annualized dividend and a yield of 1.4%. Calian Group’s dividend payout ratio is currently 49.12%.

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.