Ventum Capital Reiterates “C$106.00” Price Target for Calian Group (TSE:CGY)

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

Other analysts also recently issued research reports about the company. Canadian Imperial Bank of Commerce upped their target price on Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Ventum lifted their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Desjardins lifted their price target on Calian Group from C$104.00 to C$109.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Ventum Financial set a C$106.00 price target on Calian Group and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, Canaccord Genuity Group upped their price objective on Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Eleven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$101.95.

Calian Group Trading Down 3.7%

TSE CGY opened at C$80.63 on Thursday. The company has a market capitalization of C$929.10 million, a PE ratio of 24.43, a P/E/G ratio of 2.50 and a beta of 0.79. The company has a fifty day moving average of C$79.72 and a 200 day moving average of C$78.98. Calian Group has a 1 year low of C$44.89 and a 1 year high of C$95.50. The company has a debt-to-equity ratio of 54.28, a current ratio of 1.61 and a quick ratio of 1.20.

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 company had revenue of C$230.40 million for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. Research analysts forecast that Calian Group will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were given a $0.28 dividend. The ex-dividend date was Wednesday, August 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s dividend payout ratio is 33.94%.

Insider Activity

In other news, insider Patrick Belanger Houston bought 699 shares of the stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of C$73.18 per share, with a total value of C$51,152.82. Following the purchase, the insider directly owned 22,965 shares in the company, valued at C$1,680,578.70. The trade was a 3.14% increase in their position. 0.63% of the stock is currently owned by insiders.

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.