Calian Group (TSE:CGY) Given New C$60.00 Price Target at Royal Bank of Canada

Calian Group (TSE:CGY) had its target price lowered by Royal Bank of Canada from C$65.00 to C$60.00 in a research report report published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, CIBC cut their target price on Calian Group from C$63.00 to C$62.00 in a research report on Friday, February 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$68.83.

Calian Group Trading Down 0.1 %

Shares of TSE:CGY opened at C$45.07 on Tuesday. The company has a 50 day moving average of C$43.16 and a 200-day moving average of C$46.92. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The firm has a market cap of C$535.03 million, a P/E ratio of 48.26, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a twelve month low of C$39.41 and a twelve month high of C$59.27.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th were issued a $0.28 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.49%. Calian Group’s payout ratio is currently 119.93%.

Insider Activity at Calian Group

In related news, Director Lori O’neill bought 600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$44.75 per share, with a total value of C$26,850.00. Following the completion of the transaction, the director now directly owns 600 shares of the company’s stock, valued at approximately C$26,850. This trade represents a ∞ increase in their ownership of the stock. Company insiders own 0.63% of the company’s stock.

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.