Calian Group Ltd. (TSE:CGY) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have received a consensus recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is C$89.28.

Several brokerages have weighed in on CGY. 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 note on Tuesday, May 19th. Ventum Financial boosted their target price on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Royal Bank Of Canada boosted their target price on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canadian Imperial Bank of Commerce boosted their target price on shares of Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th. Finally, Ventum boosted their target price on shares of Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday.

Calian Group Price Performance

Shares of Calian Group stock opened at C$79.61 on Thursday. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$92.34. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 63.54. The company has a 50-day simple moving average of C$78.06 and a two-hundred day simple moving average of C$70.66. The stock has a market capitalization of C$914.80 million, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The business had revenue of C$228.70 million during the quarter. Analysts forecast that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th were given a $0.28 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Calian Group’s payout ratio is presently 39.30%.

Insider Transactions at Calian Group

In related news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the transaction, the insider directly owned 22,266 shares in the company, valued at C$1,801,542.06. This represents a 22.41% decrease in their position. 0.63% of the stock is currently owned by corporate 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.