Calian Group Ltd. (TSE:CGY) Receives C$78.00 Average Target Price from Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have covered the stock in the last year is C$78.14.

CGY has been the topic of a number of analyst reports. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Calian Group in a research note on Thursday, March 21st. Royal Bank of Canada lifted their target price on shares of Calian Group from C$72.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Canaccord Genuity Group increased their price target on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Desjardins boosted their price objective on shares of Calian Group from C$86.00 to C$87.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Cormark increased their target price on shares of Calian Group from C$73.00 to C$74.00 in a report on Friday, May 17th.

Calian Group Stock Down 0.5 %

CGY opened at C$57.92 on Thursday. Calian Group has a 12 month low of C$46.27 and a 12 month high of C$64.88. The company has a current ratio of 1.01, a quick ratio of 1.20 and a debt-to-equity ratio of 40.20. The business’s 50-day moving average price is C$56.51 and its 200-day moving average price is C$56.27. The company has a market cap of C$686.35 million, a P/E ratio of 34.48, a P/E/G ratio of 2.50 and a beta of 0.93.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders 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 dividend yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 28th. Calian Group’s payout ratio is 66.67%.

Calian Group Company Profile

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.