Calian Group Ltd. (TSE:CGY) Stock Has Average Target Price of C$101.95

Shares of Calian Group Ltd. (TSE:CGY) have earned an average recommendation of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Eleven research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have covered the stock in the last year is C$101.95.

A number of equities research analysts have recently commented on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Desjardins boosted their target price on shares of Calian Group from C$104.00 to C$109.00 and gave the company a “buy” rating in a report on Friday, August 14th. Royal Bank Of Canada lifted their price objective on Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. National Bank Financial set a C$100.00 price objective on Calian Group and gave the company an “outperform” rating in a research note on Tuesday, September 15th. Finally, Ventum Financial set a C$106.00 target price on Calian Group and gave the company a “buy” rating in a research report on Thursday, August 27th.

Insiders Place Their Bets

In related news, insider Patrick Belanger Houston acquired 699 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of C$73.18 per share, for a total transaction of C$51,152.82. Following the completion of the acquisition, the insider owned 22,965 shares of the company’s stock, valued at approximately C$1,680,578.70. This trade represents a 3.14% increase in their ownership of the stock. Company insiders own 0.63% of the company’s stock.

Calian Group Price Performance

Calian Group stock opened at C$83.19 on Wednesday. The stock has a 50-day moving average price of C$80.79 and a two-hundred day moving average price of C$77.31. Calian Group has a 12 month low of C$44.89 and a 12 month high of C$95.50. The company has a market capitalization of C$958.60 million, a PE ratio of 25.21, a P/E/G ratio of 2.50 and a beta of 0.66. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The business had revenue of C$230.40 million during the quarter. Analysts expect that Calian Group will post 4.95 EPS for the current year.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 26th. Calian Group’s dividend payout ratio (DPR) is presently 33.94%.

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.