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

Shares of Calian Group Ltd. (TSE:CGY) have received an average rating 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 brokers that have covered the stock in the last year is C$92.06.

Several equities analysts have weighed in on the stock. Canadian Imperial Bank of Commerce raised their target price on shares of Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. ATB Cormark Capital Markets upped their price target on shares of Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Royal Bank Of Canada increased their price target on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group raised their price objective on shares of Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Ventum lifted their price objective on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th.

Insider Buying and Selling at Calian Group

In other news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was 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 represents a 22.41% decrease in their ownership of the stock. 0.63% of the stock is currently owned by company insiders.

Calian Group Price Performance

Calian Group stock opened at C$76.92 on Monday. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. The firm has a market capitalization of C$883.89 million, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 2.50 and a beta of 0.97. Calian Group has a fifty-two week low of C$44.89 and a fifty-two week high of C$92.34. The stock’s fifty day moving average is C$82.34 and its two-hundred day moving average is C$74.39.

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

Calian Group Dividend Announcement

The business 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 annualized dividend and a yield of 1.5%. Calian Group’s dividend payout ratio (DPR) is presently 39.30%.

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.