Calian Group (TSE:CGY) Given New C$94.00 Price Target at Ventum Financial

Calian Group (TSE:CGY) had its target price hoisted by Ventum Financial from C$84.00 to C$94.00 in a report issued on Tuesday morning,BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on the company. Canadian Imperial Bank of Commerce upped their price target on Calian Group from C$65.00 to C$76.00 in a research note on Friday, February 13th. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Desjardins upped their price objective on shares of Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Acumen Capital raised their target price on shares of Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Finally, Canaccord Genuity Group lifted their target price on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$76.83.

Calian Group Stock Performance

Shares of CGY stock opened at C$81.76 on Tuesday. The stock’s 50-day moving average price is C$67.71 and its 200 day moving average price is C$57.73. The company has a quick ratio of 1.20, a current ratio of 1.65 and a debt-to-equity ratio of 64.10. The stock has a market capitalization of C$933.21 million, a PE ratio of 35.86, a price-to-earnings-growth ratio of 2.50 and a beta of 0.78. Calian Group has a 52-week low of C$37.70 and a 52-week high of C$85.16.

Calian Group (TSE:CGY) last posted its quarterly earnings data on Thursday, February 12th. The company reported C$1.03 earnings per share for the quarter. Calian Group had a return on equity of 8.41% and a net margin of 3.34%.The company had revenue of C$208.00 million during the quarter. As a group, equities research analysts forecast that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, March 11th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s payout ratio is 49.12%.

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.