Calian Group Ltd. (TSE:CGY) Receives C$72.14 Average Target Price from Brokerages

Calian Group Ltd. (TSE:CGY) has been assigned a consensus rating of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation 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$72.14.

Several equities analysts recently weighed in on the stock. Ventum Financial reduced their price target on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. CIBC dropped their target price on shares of Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Finally, Acumen Capital decreased their price target on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th.

Calian Group Stock Down 1.1 %

CGY stock opened at C$43.81 on Friday. Calian Group has a 1-year low of C$42.88 and a 1-year high of C$60.29. The stock has a market cap of C$520.07 million, a P/E ratio of 46.91, a P/E/G ratio of 2.50 and a beta of 0.88. The stock’s fifty day simple moving average is C$48.30 and its two-hundred day simple moving average is C$47.97. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $1.12 annualized dividend and a dividend yield of 2.56%. Calian Group’s payout ratio is 119.93%.

Insider Activity

In related news, Director Young Park sold 4,194 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$50.09, for a total transaction of C$210,077.46. Also, Director Jo-Anne Cecile Poirier sold 4,368 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$47.15, for a total value of C$205,951.20. Over the last quarter, insiders have acquired 3,147 shares of company stock valued at $148,588 and have sold 10,884 shares valued at $528,380. Insiders own 0.63% of the company’s stock.

Calian Group Company Profile

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.