Calian Group (TSE:CGY) Price Target Lowered to C$60.00 at Canaccord Genuity Group

Calian Group (TSE:CGY) had its price target lowered by Canaccord Genuity Group from C$75.00 to C$60.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

CGY has been the subject of a number of other research reports. CIBC reduced their target price on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Royal Bank of Canada reduced their target price on Calian Group from C$65.00 to C$60.00 and set an “outperform” rating for the company in a report on Tuesday, April 22nd.

Calian Group Stock Performance

Shares of CGY stock opened at C$38.90 on Thursday. The company has a market capitalization of C$461.78 million, a P/E ratio of 41.65, a P/E/G ratio of 2.50 and a beta of 0.88. The business’s 50 day moving average is C$44.66 and its two-hundred day moving average is C$46.36. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. Calian Group has a 12-month low of C$38.78 and a 12-month high of C$57.82.

Calian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Tuesday, June 10th will be issued a $0.28 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.88%. Calian Group’s dividend payout ratio is presently 119.93%.

About Calian Group

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.