Analysts Set Calian Group Ltd. (TSE:CGY) Target Price at C$76.83

Shares of Calian Group Ltd. (TSE:CGY) have earned a consensus rating of “Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is C$76.83.

A number of equities analysts recently commented on CGY shares. Canadian Imperial Bank of Commerce raised their target price on Calian Group from C$65.00 to C$76.00 in a report on Friday, February 13th. Royal Bank Of Canada upped their price target on Calian Group from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Acumen Capital raised their price objective 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. Canaccord Genuity Group lifted their price objective on Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Finally, Ventum Financial boosted their price objective on Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th.

Calian Group Stock Up 1.3%

Shares of CGY stock opened at C$71.41 on Wednesday. Calian Group has a 12 month low of C$37.70 and a 12 month high of C$85.16. The stock has a market cap of C$815.07 million, a P/E ratio of 31.32, a P/E/G ratio of 2.50 and a beta of 0.92. The company has a current ratio of 1.65, a quick ratio of 1.20 and a debt-to-equity ratio of 64.10. The company has a 50 day simple moving average of C$75.37 and a two-hundred day simple moving average of C$63.71.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$1.03 earnings per share for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. The business had revenue of C$208.00 million for the quarter. On average, research analysts expect that Calian Group will post 4.9475219 earnings per share for the current year.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $1.12 annualized dividend and a yield of 1.6%. Calian Group’s payout ratio is currently 49.12%.

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.