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

Shares of Calian Group Ltd. (TSE:CGY) have earned a consensus rating of “Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$92.06.

A number of brokerages recently weighed in on CGY. Canadian Imperial Bank of Commerce upped their target price on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a research note on Wednesday, May 20th. Ventum boosted their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, June 15th. Royal Bank Of Canada upped their price objective on Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group lifted their target price on Calian Group from C$103.00 to C$105.00 and gave the company a “buy” rating in a research report on Monday, June 29th.

Calian Group Price Performance

Calian Group stock opened at C$80.81 on Monday. The stock has a market capitalization of C$928.59 million, a PE ratio of 28.35, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. 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 moving average of C$81.42 and a 200-day moving average of C$73.59.

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

Calian Group Announces Dividend

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

Insider Buying and Selling at Calian Group

In other news, insider Patrick Belanger Houston sold 6,432 shares of Calian Group 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 value of C$520,413.12. Following the sale, the insider directly owned 22,266 shares in the company, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their ownership of the stock. 0.63% of the stock is 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.