Calian Group (TSE:CGY) Reaches New 12-Month High – Here’s Why

Shares of Calian Group Ltd. (TSE:CGY) hit a new 52-week high on Wednesday . The stock traded as high as C$74.74 and last traded at C$73.00, with a volume of 83973 shares trading hands. The stock had previously closed at C$70.60.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Desjardins upped their price target on shares of Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a report on Thursday, November 27th. Acumen Capital increased their price objective on Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Canaccord Genuity Group raised their target price on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Ventum Financial boosted their price target on shares of Calian Group from C$72.00 to C$82.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Calian Group from C$65.00 to C$76.00 in a research report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$74.83.

Calian Group Trading Up 3.4%

The company has a market cap of C$833.00 million, a PE ratio of 32.02, a PEG ratio of 2.50 and a beta of 0.70. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The company has a 50 day simple moving average of C$60.90 and a two-hundred day simple moving average of C$54.46.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share (EPS) for the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. The business had revenue of C$208.00 million during the quarter. Sell-side analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. Calian Group’s dividend payout ratio (DPR) is 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.