Calian Group (TSE:CGY) Reaches New 12-Month High Following Dividend Announcement

Shares of Calian Group Ltd. (TSE:CGY) reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as C$79.99 and last traded at C$79.55, with a volume of 47372 shares changing hands. The stock had previously closed at C$78.24.

The newly announced dividend which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, March 11th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. Calian Group’s dividend payout ratio is currently 49.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CGY shares. Desjardins boosted their price target on shares of Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a report on Thursday, November 27th. Acumen Capital boosted their target price on 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. Royal Bank Of Canada increased their price target on Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Ventum Financial lifted their price target on Calian Group from C$72.00 to C$82.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Canaccord Genuity Group upped their price objective on Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$74.83.

Calian Group Trading Up 1.7%

The firm has a 50 day moving average of C$63.49 and a 200 day moving average of C$55.69. The firm has a market cap of C$907.75 million, a PE ratio of 34.89, a P/E/G ratio of 2.50 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54.

Calian Group (TSE:CGY) last issued its earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share (EPS) for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%.The firm had revenue of C$208.00 million for the quarter. Equities analysts anticipate that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

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.