Ventum Financial Analysts Give Calian Group (TSE:CGY) a C$106.00 Price Target

Ventum Financial set a C$106.00 price target on Calian Group (TSE:CGY) in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on CGY. Royal Bank Of Canada raised their price objective on Calian Group from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Ventum boosted their target price 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. Canadian Imperial Bank of Commerce increased their price target on Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, ATB Cormark Capital Markets lifted their price objective on shares of 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. Nine equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$101.72.

Calian Group Stock Down 3.1%

Shares of CGY stock opened at C$73.00 on Thursday. Calian Group has a 52-week low of C$44.89 and a 52-week high of C$95.50. The stock has a market cap of C$840.38 million, a price-to-earnings ratio of 22.12, a PEG ratio of 2.50 and a beta of 0.96. The firm’s 50-day moving average is C$80.61 and its 200-day moving average is C$78.31. The company has a debt-to-equity ratio of 54.28, a quick ratio of 1.20 and a current ratio of 1.61.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. The business had revenue of C$230.40 million during the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%. Sell-side analysts predict that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 9th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 26th. Calian Group’s dividend payout ratio is 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.