Calian Group (TSE:CGY) Trading Up 14.6% – Here’s What Happened

Calian Group Ltd. (TSE:CGY)’s share price was up 14.6% during trading on Thursday . The company traded as high as C$78.50 and last traded at C$77.96. Approximately 92,910 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 44,516 shares. The stock had previously closed at C$68.00.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CGY shares. Royal Bank Of Canada lifted their target price on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Ventum Financial lifted their target price 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. Acumen Capital lifted their target price on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a report on Friday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Calian Group from C$65.00 to C$76.00 in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$76.83.

Calian Group Price Performance

The company has a debt-to-equity ratio of 64.10, a current ratio of 1.65 and a quick ratio of 1.20. The firm has a market cap of C$919.74 million, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.50 and a beta of 0.92. The business’s 50-day moving average price is C$74.20 and its two-hundred day moving average price is C$64.51.

Calian Group (TSE:CGY) last released its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. The business had revenue of C$228.70 million during the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. On average, research analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, February 25th. Calian Group’s dividend payout ratio (DPR) is presently 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.