Calian Group Ltd. (TSE:CGY) Receives Consensus Rating of “Buy” from Brokerages

Shares of Calian Group Ltd. (TSE:CGYGet Free Report) have earned an average recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$72.29.

Several brokerages have commented on CGY. Ventum Financial dropped their price target on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Acumen Capital decreased their target price on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th.

Read Our Latest Stock Analysis on CGY

Insiders Place Their Bets

In other news, Director Jo-Anne Cecile Poirier sold 4,368 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$47.15, for a total transaction of C$205,951.20. Also, Director Raymond Gregory Basler sold 849 shares of Calian Group stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91. In the last three months, insiders have purchased 2,297 shares of company stock worth $110,638 and have sold 11,270 shares worth $546,866. Corporate insiders own 0.63% of the company’s stock.

Calian Group Stock Down 0.9 %

TSE:CGY opened at C$51.44 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88. The firm has a market capitalization of C$609.56 million, a PE ratio of 36.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Calian Group has a 52 week low of C$42.88 and a 52 week high of C$61.24. The stock has a 50 day moving average of C$48.63 and a 200-day moving average of C$48.94.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.18%. Calian Group’s payout ratio is 78.87%.

About Calian Group

(Get Free Report

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.

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Analyst Recommendations for Calian Group (TSE:CGY)

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