Calian Group (TSE:CGY) Sets New 1-Year High – Should You Buy?

Calian Group Ltd. (TSE:CGY) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$85.31 and last traded at C$85.31, with a volume of 29655 shares. The stock had previously closed at C$83.44.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Ventum Financial upped their price objective on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Canaccord Genuity Group upped their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the company a “buy” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce upped their price objective on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Finally, ATB Cormark Capital Markets upped their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Calian Group currently has an average rating of “Buy” and an average price target of C$87.94.

Calian Group Price Performance

The company has a market capitalization of C$987.74 million, a PE ratio of 30.37, a PEG ratio of 2.50 and a beta of 0.92. The firm has a fifty day moving average of C$74.37 and a two-hundred day moving average of C$66.57. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share 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%. Research analysts anticipate that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.12 annualized dividend and a yield of 1.3%. Calian Group’s dividend payout ratio is presently 39.30%.

Insiders Place Their Bets

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the sale, the insider 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 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.