Calian Group (TSE:CGY) Hits New 52-Week High – What’s Next?

Calian Group Ltd. (TSE:CGY) hit a new 52-week high on Monday . The stock traded as high as C$63.98 and last traded at C$62.83, with a volume of 13091 shares. The stock had previously closed at C$62.75.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CGY. Desjardins boosted their price objective on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Ventum Financial lifted their price target on shares of Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. CIBC boosted their price target on shares of Calian Group from C$62.00 to C$65.00 in a report on Wednesday, January 14th. Royal Bank Of Canada increased their price objective on shares of Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. Finally, Canaccord Genuity Group raised their price objective on shares of Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a report on Thursday, November 27th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$64.40.

Calian Group Price Performance

The stock has a market capitalization of C$718.89 million, a price-to-earnings ratio of 35.80, a P/E/G ratio of 2.50 and a beta of 0.38. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The stock has a fifty day moving average of C$56.29 and a 200-day moving average of C$52.65.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Wednesday, November 26th. The company reported C$1.00 earnings per share for the quarter. The business had revenue of C$203.18 million during the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. On average, equities research analysts predict that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Calian Group’s payout ratio is presently 63.64%.

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.