Canadian Imperial Bank of Commerce Issues Positive Forecast for Calian Group (TSE:CGY) Stock Price

Calian Group (TSE:CGY) had its price target raised by Canadian Imperial Bank of Commerce from C$76.00 to C$90.00 in a research note issued to investors on Friday,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on the company. Acumen Capital increased their price target on Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Ventum Financial increased their price target on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Canaccord Genuity Group increased their price target on Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price target on Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$84.17.

Calian Group Stock Down 1.9%

Shares of TSE:CGY opened at C$80.64 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 63.54. The business has a fifty day moving average of C$74.09 and a two-hundred day moving average of C$64.85. The stock has a market cap of C$920.42 million, a P/E ratio of 35.37, a PEG ratio of 2.50 and a beta of 0.92. Calian Group has a 52-week low of C$37.70 and a 52-week high of C$85.16.

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

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s dividend payout ratio is currently 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.