Calian Group Ltd. (TSE:CGY) Receives Average Rating of “Buy” from Analysts

Calian Group Ltd. (TSE:CGY) has received an average recommendation of “Buy” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$74.00.

A number of research firms have recently weighed in on CGY. Ventum Financial cut their price target on shares of Calian Group from C$74.00 to C$70.00 in a report on Friday, August 9th. Royal Bank of Canada reduced their price target on Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th. CIBC lowered their price objective on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Finally, Cormark decreased their target price on Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th.

Calian Group Stock Performance

Shares of TSE CGY opened at C$47.97 on Wednesday. Calian Group has a one year low of C$42.88 and a one year high of C$61.24. The business’s 50-day moving average price is C$49.06 and its two-hundred day moving average price is C$53.60. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company has a market capitalization of C$568.44 million, a P/E ratio of 33.78, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The firm had revenue of C$185.00 million during the quarter, compared to analyst estimates of C$196.67 million. Calian Group had a return on equity of 5.17% and a net margin of 2.28%. Analysts anticipate that Calian Group will post 4.9325726 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, August 21st. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Transactions at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 4,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total value of C$224,800.00. In other news, insider Calian Technologies Ltd bought 1,600 shares of Calian Group stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average cost of C$46.55 per share, with a total value of C$74,480.00. Also, Director Raymond Gregory Basler sold 4,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total transaction of C$224,800.00. Insiders acquired a total of 2,665 shares of company stock worth $122,953 over the last three months. 0.63% of the stock is currently owned by insiders.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.