Brokerages Set Calian Group Ltd. (TSE:CGY) PT at C$92.06

Calian Group Ltd. (TSE:CGY) has been given an average rating of “Buy” by the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$92.06.

A number of analysts recently issued reports on the company. Canaccord Genuity Group increased their price objective on Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, June 29th. ATB Cormark Capital Markets lifted their target price on Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Ventum upped their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Royal Bank Of Canada increased their price target on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th.

Insider Transactions at Calian Group

In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the transaction, the insider directly owned 22,266 shares of the company’s stock, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their position. 0.63% of the stock is owned by corporate insiders.

Calian Group Trading Down 2.7%

TSE:CGY opened at C$76.92 on Monday. The company has a market cap of C$883.89 million, a P/E ratio of 26.99, a P/E/G ratio of 2.50 and a beta of 0.97. The stock’s fifty day moving average price is C$82.34 and its two-hundred day moving average price is C$74.26. Calian Group has a 1 year low of C$44.89 and a 1 year high of C$92.34. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.51 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 EPS for the quarter. The firm had revenue of C$228.70 million during the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%. As a group, analysts expect that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th were paid a $0.28 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $1.12 annualized dividend and a yield of 1.5%. Calian Group’s dividend payout ratio is currently 39.30%.

Calian Group Company Profile

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.