Calian Group (TSE:CGY) Price Target Raised to C$74.00 at Cormark

Calian Group (TSE:CGYFree Report) had its target price raised by Cormark from C$73.00 to C$74.00 in a report published on Friday morning, BayStreet.CA reports.

A number of other equities analysts also recently issued reports on the stock. Echelon Wealth Partners reissued a buy rating on shares of Calian Group in a report on Thursday, March 21st. Desjardins raised their target price on Calian Group from C$86.00 to C$87.00 and gave the stock a buy rating in a report on Wednesday, March 6th. CIBC lifted their target price on Calian Group from C$75.00 to C$76.00 and gave the company an outperform rating in a research report on Monday, May 13th. Acumen Capital upped their price target on Calian Group from C$78.00 to C$80.00 and gave the stock a buy rating in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on Calian Group from C$72.00 to C$75.00 and gave the company an outperform rating in a research report on Thursday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of Buy and a consensus target price of C$78.14.

Check Out Our Latest Research Report on Calian Group

Calian Group Stock Down 0.1 %

Shares of CGY stock traded down C$0.06 during mid-day trading on Friday, hitting C$58.01. The company’s stock had a trading volume of 6,603 shares, compared to its average volume of 7,235. The business has a 50-day moving average price of C$56.54 and a 200 day moving average price of C$56.01. Calian Group has a 52-week low of C$46.27 and a 52-week high of C$64.88. The stock has a market cap of C$687.42 million, a price-to-earnings ratio of 34.53, a PEG ratio of 2.50 and a beta of 0.93. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.20 and a current ratio of 1.01.

Calian Group (TSE:CGYGet Free Report) last announced its earnings results on Wednesday, February 14th. The company reported C$0.46 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.07 by C($0.61). The company had revenue of C$179.18 million for the quarter, compared to analysts’ expectations of C$167.90 million. Calian Group had a net margin of 2.87% and a return on equity of 6.20%. Research analysts predict that Calian Group will post 4.5652516 EPS for the current fiscal year.

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 28th. Calian Group’s payout ratio is 66.67%.

About Calian Group

(Get Free Report)

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.

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