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

Calian Group Ltd. (TSE:CGY) has received an average rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$89.28.

CGY has been the subject of a number of research analyst reports. Canadian Imperial Bank of Commerce increased their price target on Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. ATB Cormark Capital Markets increased their price target on 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. Royal Bank Of Canada increased their price target on Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Ventum Financial increased their price target on Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a research note on Wednesday, May 20th.

Insider Activity

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the transaction, the insider owned 22,266 shares of the company’s stock, valued at approximately C$1,801,542.06. This trade represents a 22.41% decrease in their ownership of the stock. Corporate insiders own 0.63% of the company’s stock.

Calian Group Trading Down 0.1%

TSE:CGY opened at C$80.47 on Thursday. Calian Group has a 52 week low of C$44.89 and a 52 week high of C$92.34. The firm has a 50 day moving average of C$78.73 and a 200 day moving average of C$71.46. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 63.54. The stock has a market capitalization of C$924.68 million, a price-to-earnings ratio of 28.24, a PEG ratio of 2.50 and a beta of 0.88.

Calian Group (TSE:CGY) last posted its earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The company had revenue of C$228.70 million during the quarter. As a group, sell-side analysts anticipate that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s dividend payout ratio (DPR) is currently 39.30%.

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.