Calian Group Ltd. (TSE:CGY) Given Average Recommendation of “Buy” by Brokerages

Calian Group Ltd. (TSE:CGY) has earned an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$101.72.

CGY has been the subject of several research analyst reports. Desjardins increased their price objective on Calian Group from C$104.00 to C$109.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets upped their price target on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Ventum Financial set a C$106.00 price target on shares of Calian Group and gave the company a “buy” rating in a report on Thursday, August 27th. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Ventum upped their target price on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th.

Calian Group Stock Performance

Shares of CGY stock opened at C$74.52 on Tuesday. The company has a market cap of C$857.87 million, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The stock has a 50 day simple moving average of C$80.57 and a 200-day simple moving average of C$78.46. Calian Group has a 12-month low of C$44.89 and a 12-month high of C$95.50. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%.The business had revenue of C$230.40 million during the quarter. On average, equities analysts forecast that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.12 annualized dividend and a dividend yield of 1.5%. Calian Group’s payout ratio is 33.94%.

Insider Buying and Selling at Calian Group

In other news, insider Patrick Belanger Houston purchased 699 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of C$73.18 per share, for a total transaction of C$51,152.82. Following the acquisition, the insider directly owned 22,965 shares in the company, valued at approximately C$1,680,578.70. The trade was a 3.14% increase in their position. 0.63% of the stock is currently owned by corporate insiders.

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.