Calian Group Ltd. (TSE:CGY) Receives Consensus Rating of “Buy” from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$101.72.

CGY has been the subject of a number of recent research reports. Canadian Imperial Bank of Commerce increased their target price on Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the stock a “buy” rating in a research report on Wednesday, May 20th. ATB Cormark Capital Markets raised their price target on Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Ventum Financial set a C$106.00 price target on Calian Group and gave the company a “buy” rating in a report on Thursday, August 27th. Finally, Royal Bank Of Canada lifted their price objective on Calian Group from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research report on Friday, August 14th.

Insider Activity

In related news, insider Patrick Belanger Houston purchased 699 shares of Calian Group stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of C$73.18 per share, for a total transaction of C$51,152.82. Following the transaction, the insider directly owned 22,965 shares in the company, valued at approximately C$1,680,578.70. This represents a 3.14% increase in their ownership of the stock. 0.63% of the stock is owned by corporate insiders.

Calian Group Stock Performance

Shares of TSE CGY opened at C$78.29 on Tuesday. The business has a fifty day simple moving average of C$80.08 and a 200 day simple moving average of C$78.75. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28. The firm has a market capitalization of C$902.14 million, a price-to-earnings ratio of 23.72, a PEG ratio of 2.50 and a beta of 0.79. Calian Group has a one year low of C$44.89 and a one year high of C$95.50.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share for the quarter. The firm 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%. Sell-side analysts expect that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 9th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s dividend payout ratio (DPR) 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.