Calian Group (TSE:CGY) Hits New 1-Year High – Still a Buy?

Calian Group Ltd. (TSE:CGY) shares reached a new 52-week high on Thursday . The stock traded as high as C$95.31 and last traded at C$92.43, with a volume of 36192 shares traded. The stock had previously closed at C$85.33.

Wall Street Analysts Forecast Growth

CGY has been the topic of a number of recent research reports. 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 increased their price target on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research report 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 stock an “outperform” rating in a research report on Friday, May 15th. Ventum raised their price target on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$92.06.

Calian Group Stock Performance

The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 2.50 and a beta of 0.96. The company’s 50 day simple moving average is C$81.54 and its 200 day simple moving average is C$77.19. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share for the quarter. The company had revenue of C$230.40 million during the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. On average, equities research analysts anticipate that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Wednesday, May 27th. Calian Group’s dividend payout ratio is 39.30%.

Insider Transactions at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the stock in a transaction on Wednesday, May 20th. The stock was 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 of the company’s stock, valued at approximately C$1,801,542.06. This trade represents a 22.41% decrease in their position. Insiders own 0.63% of the company’s stock.

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.