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

Calian Group Ltd. (TSE:CGY) has been given an average recommendation of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$76.83.

A number of research firms have recently commented on CGY. Royal Bank Of Canada boosted their price objective on 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. Canadian Imperial Bank of Commerce lifted their target price on Calian Group from C$65.00 to C$76.00 in a report on Friday, February 13th. Canaccord Genuity Group boosted their price target on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Acumen Capital boosted their price target 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. Finally, Ventum Financial upped their price target on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a report on Tuesday, March 10th.

Calian Group Price Performance

TSE CGY opened at C$73.17 on Friday. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$85.16. The firm has a market capitalization of C$835.16 million, a PE ratio of 32.09, a P/E/G ratio of 2.50 and a beta of 0.78. The company’s 50 day simple moving average is C$73.66 and its 200 day simple moving average is C$60.64. The company has a debt-to-equity ratio of 64.10, a current ratio of 1.65 and a quick ratio of 1.20.

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

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, March 11th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, February 25th. Calian Group’s payout ratio is presently 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.