Calian Group (TSE:CGY) Reaches New 1-Year High – Should You Buy?

Calian Group Ltd. (TSE:CGY)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$85.00 and last traded at C$84.08, with a volume of 85492 shares. The stock had previously closed at C$83.77.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Ventum Financial increased their target price on shares of Calian Group from C$72.00 to C$82.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Acumen Capital increased their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Royal Bank Of Canada lifted their target price on shares of Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Canaccord Genuity Group boosted their target price on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Finally, Desjardins increased their price target on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$74.83.

Calian Group Trading Up 0.4%

The firm’s 50-day moving average price is C$65.05 and its 200 day moving average price is C$56.50. The company has a market cap of C$959.44 million, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.50 and a beta of 0.70. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 64.10.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share (EPS) for the quarter. The business had revenue of C$208.00 million for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. As a group, equities analysts expect that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 11th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Calian Group’s dividend payout ratio (DPR) is currently 49.12%.

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.