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

Shares of Calian Group Ltd. (TSE:CGY) have been given an average recommendation of “Buy” by the nine brokerages that are currently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$89.28.

CGY has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Ventum Financial boosted their target price on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. 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. Canadian Imperial Bank of Commerce boosted their target price on shares of Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. Finally, Ventum upped their price objective on shares of Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research note on Monday.

Insiders Place Their Bets

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the stock in a transaction dated 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 sale, the insider directly owned 22,266 shares in the company, 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 Price Performance

CGY stock opened at C$79.61 on Thursday. Calian Group has a 1 year low of C$44.89 and a 1 year high of C$92.34. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.51 and a quick ratio of 1.20. The stock has a market cap of C$914.80 million, a price-to-earnings ratio of 27.93, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a 50 day simple moving average of C$78.06 and a 200 day simple moving average of C$70.66.

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

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were paid a $0.28 dividend. 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 dividend payout ratio is currently 39.30%.

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.