Calian Group (TSE:CGY) Reaches New 52-Week High Following Dividend Announcement

Calian Group Ltd. (TSE:CGY) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as C$79.99 and last traded at C$79.55, with a volume of 47372 shares traded. The stock had previously closed at C$78.24.

The newly announced dividend which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 11th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Calian Group’s dividend payout ratio is currently 49.12%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CGY. Desjardins increased their target price on shares of 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. Ventum Financial boosted their price objective on Calian Group from C$72.00 to C$82.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Royal Bank Of Canada raised their price target on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Canadian Imperial Bank of Commerce boosted their price objective on Calian Group from C$65.00 to C$76.00 in a report on Friday, February 13th. Finally, Canaccord Genuity Group increased their target price on Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, Based on 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 Up 1.7%

The firm has a market capitalization of C$907.75 million, a P/E ratio of 34.89, a P/E/G ratio of 2.50 and a beta of 0.70. The company has a fifty day simple moving average of C$63.04 and a 200 day simple moving average of C$55.52. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54.

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 1.50% and a return on equity of 3.37%. The company had revenue of C$208.00 million during the quarter. On average, equities analysts expect that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

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.