Calian Group Ltd. (TSE:CGY) Given Average Recommendation of “Buy” by Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the company, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is C$92.06.

Several analysts recently weighed in on CGY shares. Canadian Imperial Bank of Commerce raised their price objective on Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets raised their price target 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. Canaccord Genuity Group raised their price target on shares of Calian Group from C$103.00 to C$105.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Ventum upped their price objective on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th.

Insider Activity

In other news, insider Patrick Belanger Houston sold 6,432 shares of the company’s 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 transaction, the insider directly owned 22,266 shares in the company, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their ownership of the stock. Company insiders own 0.63% of the company’s stock.

Calian Group Trading Up 0.0%

Shares of CGY stock opened at C$80.42 on Friday. Calian Group has a fifty-two week low of C$44.89 and a fifty-two week high of C$92.34. The stock’s fifty day moving average price is C$82.12 and its two-hundred day moving average price is C$76.55. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. The company has a market cap of C$924.11 million, a PE ratio of 28.22, a P/E/G ratio of 2.50 and a beta of 0.96.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%.The company had revenue of C$228.70 million during the quarter. Equities analysts predict that Calian Group 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, June 10th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 27th. Calian Group’s payout ratio is presently 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.