Calian Group (TSE:CGY) Given New C$59.00 Price Target at CIBC

Calian Group (TSE:CGY) had its price objective hoisted by CIBC from C$50.00 to C$59.00 in a report issued on Monday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group dropped their price target on shares of Calian Group from C$75.00 to C$60.00 and set a “buy” rating on the stock in a research note on Thursday, May 22nd. Royal Bank Of Canada dropped their price target on shares of Calian Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday, May 22nd. Ventum Financial set a C$60.00 target price on Calian Group and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Finally, Desjardins boosted their target price on Calian Group from C$61.00 to C$62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th.

Calian Group Stock Performance

Shares of CGY stock opened at C$51.86 on Monday. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$57.00. The stock has a market cap of C$615.63 million, a PE ratio of 55.53, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. 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 company’s fifty day moving average price is C$45.42 and its 200-day moving average price is C$45.70.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.16%. Calian Group’s dividend payout ratio is currently 119.93%.

Insider Transactions at Calian Group

In related news, Senior Officer Kevin Lee Ford purchased 1,000 shares of the stock in a transaction that occurred on Monday, May 26th. The stock was bought at an average cost of C$38.05 per share, for a total transaction of C$38,050.00. Insiders acquired 2,934 shares of company stock valued at $116,566 in the last ninety days. 0.63% of the stock is owned by company insiders.

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.