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

Calian Group Ltd. (TSE:CGY) has earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Six research 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 brokers that have covered the stock in the last year is C$72.29.

Several brokerages have recently issued reports on CGY. Ventum Financial reduced their target price on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital reduced their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th.

Calian Group Price Performance

Calian Group stock opened at C$48.35 on Friday. The stock has a market cap of C$572.95 million, a price-to-earnings ratio of 34.05, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a 12-month low of C$42.88 and a 12-month high of C$61.24. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The business’s 50-day simple moving average is C$48.46 and its 200 day simple moving average is C$49.63.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend was Monday, December 9th. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Buying and Selling at Calian Group

In related news, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total value of C$42,101.91. Also, Director Jo-Anne Cecile Poirier sold 4,368 shares of the stock in a transaction that occurred on 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 90 days, insiders bought 2,265 shares of company stock valued at $108,988 and sold 11,266 shares valued at $546,673. 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.