Calian Group (TSE:CGY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Calian Group Ltd. (TSE:CGY) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$69.98 and traded as high as C$80.20. Calian Group shares last traded at C$78.45, with a volume of 18,693 shares changing hands.

Wall Street Analyst Weigh In

CGY has been the subject of several recent research reports. Canadian Imperial Bank of Commerce upped their price objective on Calian Group from C$65.00 to C$76.00 in a research report on Friday, February 13th. Acumen Capital lifted their target price on 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. Canaccord Genuity Group upped their price target on Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Desjardins raised 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 note on Thursday, November 27th. Finally, Ventum Financial lifted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, March 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$76.83.

Calian Group Stock Performance

The company has a market capitalization of C$875.00 million, a price-to-earnings ratio of 33.62, a P/E/G ratio of 2.50 and a beta of 0.78. The stock’s 50 day moving average price is C$70.72 and its 200 day moving average price is C$58.98. The company has a current ratio of 1.65, a quick ratio of 1.20 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 earnings per share (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. Analysts expect that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. Calian Group’s payout ratio is 49.12%.

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.