Calian Group (TSE:CGY) Stock Price Down 1.7% – Time to Sell?

Calian Group Ltd. (TSE:CGY) shares dropped 1.7% during mid-day trading on Tuesday . The company traded as low as C$55.03 and last traded at C$55.03. Approximately 13,614 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 32,914 shares. The stock had previously closed at C$55.98.

Wall Street Analyst Weigh In

Several research firms have issued reports on CGY. Ventum Financial raised their target price on Calian Group from C$58.00 to C$62.00 and gave the stock a “buy” rating in a research note on Thursday, November 27th. Canaccord Genuity Group raised their price objective on Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Desjardins boosted their price objective 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. CIBC increased their target price on shares of Calian Group from C$59.00 to C$62.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada lifted their price target on shares of Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, November 27th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$63.80.

Calian Group Trading Up 0.9%

The company has a 50 day moving average of C$53.41 and a 200-day moving average of C$51.37. The stock has a market cap of C$629.87 million, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share (EPS) for the quarter. The company had revenue of C$203.18 million for the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. On average, research analysts anticipate that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Calian Group’s dividend payout ratio is 63.64%.

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.