Calian Group (TSE:CGY) Stock Price Down 1.7% – Time to Sell?

Calian Group Ltd. (TSE:CGY) shares traded down 1.7% on Tuesday . The company traded as low as C$55.03 and last traded at C$55.03. 13,614 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 32,914 shares. The stock had previously closed at C$55.98.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Desjardins upped their price objective on shares of Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. CIBC upped their target price on Calian Group from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price objective on shares of Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. Canaccord Genuity Group upped their target price on shares of Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. Finally, Ventum Financial lifted their price target on shares of Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$63.80.

Calian Group Stock Down 1.7%

The firm has a 50-day moving average of C$53.31 and a two-hundred day moving average of C$51.34. The stock has a market capitalization of C$624.32 million, a price-to-earnings ratio of 31.27, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54.

Calian Group (TSE:CGY) last released its earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share for the quarter. The business had revenue of C$203.18 million for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%. As a group, sell-side analysts anticipate that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 23rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, December 9th. Calian Group’s dividend payout ratio is currently 63.64%.

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.