Calian Group Ltd. (TSE:CGY) Stock Has Consensus Target Price of C$101.95 According to Analysts

Shares of Calian Group Ltd. (TSE:CGY) have been given an average recommendation of “Buy” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$101.95.

Several brokerages have recently issued reports on CGY. National Bank Financial set a C$100.00 price target on shares of Calian Group and gave the company an “outperform” rating in a report on Tuesday, September 15th. Desjardins raised their price objective on Calian Group from C$104.00 to C$109.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Royal Bank Of Canada raised their price objective on Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce lifted their target price on Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Finally, Ventum Capital set a C$106.00 target price on Calian Group and gave the company a “buy” rating in a research note on Thursday, September 17th.

Insider Activity at Calian Group

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

Calian Group Stock Up 0.3%

Shares of TSE:CGY opened at C$83.25 on Wednesday. The company has a 50 day moving average price of C$80.76 and a two-hundred day moving average price of C$79.68. The company has a debt-to-equity ratio of 54.28, a quick ratio of 1.20 and a current ratio of 1.61. The company has a market capitalization of C$959.29 million, a PE ratio of 25.23, a PEG ratio of 2.50 and a beta of 0.66. Calian Group has a 52 week low of C$44.89 and a 52 week high of C$95.50.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share 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%. Analysts forecast that Calian Group will post 4.95 earnings per share for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 26th. Calian Group’s dividend payout ratio is 33.94%.

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.