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

Shares of Calian Group Ltd. (TSE:CGY) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$72.29.

Several research analysts have recently weighed in on the stock. Ventum Financial cut their price target on shares of Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. Acumen Capital dropped their price target on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th.

Insider Activity at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. In the last quarter, insiders bought 1,315 shares of company stock valued at $60,477. 0.63% of the stock is owned by corporate insiders.

Calian Group Stock Up 0.2 %

Shares of Calian Group stock opened at C$50.25 on Monday. The stock’s fifty day moving average is C$48.86 and its 200-day moving average is C$50.58. The firm has a market capitalization of C$595.46 million, a PE ratio of 35.39, a price-to-earnings-growth 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.

Calian Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, December 9th. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.

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.