Calian Group (TSE:CGY) Trading 14.6% Higher – Still a Buy?

Calian Group Ltd. (TSE:CGY)’s share price traded up 14.6% during trading on Thursday . The stock traded as high as C$78.50 and last traded at C$77.96. 92,910 shares were traded during mid-day trading, an increase of 109% from the average session volume of 44,516 shares. The stock had previously closed at C$68.00.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Ventum Financial increased their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research report on Tuesday, March 10th. Canadian Imperial Bank of Commerce increased their price objective on shares of Calian Group from C$76.00 to C$90.00 in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research report on Friday. Acumen Capital increased their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$84.17.

Calian Group Trading Down 1.9%

The company’s fifty day moving average is C$74.09 and its two-hundred day moving average is C$64.85. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. The company has a market cap of C$920.42 million, a price-to-earnings ratio of 35.37, a P/E/G ratio of 2.50 and a beta of 0.92.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The company had revenue of C$228.70 million for the quarter. On average, research analysts anticipate that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Calian Group’s dividend payout ratio (DPR) is presently 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.