Calian Group (TSE:CGY) Hits New 52-Week High – Still a Buy?

Calian Group Ltd. (TSE:CGY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$85.00 and last traded at C$84.08, with a volume of 85492 shares. The stock had previously closed at C$83.77.

Wall Street Analysts Forecast Growth

CGY has been the topic of several recent research reports. Desjardins upped their price objective on Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research report on Thursday, November 27th. Acumen Capital upped their target price on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a report on Friday, February 13th. Royal Bank Of Canada lifted their price target on shares of Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Finally, Ventum Financial raised their target price on shares of Calian Group from C$72.00 to C$82.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and a consensus price target of C$74.83.

Calian Group Stock Down 0.1%

The firm has a fifty day simple moving average of C$66.13 and a 200 day simple moving average of C$56.88. The company has a debt-to-equity ratio of 64.10, a quick ratio of 1.20 and a current ratio of 1.65. The company has a market cap of C$959.55 million, a PE ratio of 36.88, a PEG ratio of 2.50 and a beta of 0.70.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$1.03 earnings per share for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. The business had revenue of C$208.00 million for the quarter. Equities research analysts predict that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, February 25th. Calian Group’s dividend payout ratio (DPR) is 49.12%.

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.