Calian Group (TSE:CGY) Stock Crosses Below 50-Day Moving Average of $55.61

Calian Group Ltd. (TSE:CGY) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$55.61 and traded as low as C$54.00. Calian Group shares last traded at C$55.42, with a volume of 10,809 shares.

Analysts Set New Price Targets

CGY has been the subject of a number of research analyst reports. Cormark lifted their target price on Calian Group from C$73.00 to C$74.00 in a report on Friday, May 17th. Acumen Capital boosted their target price on shares of Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Desjardins raised their price target on shares of Calian Group from C$86.00 to C$87.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada upped their price objective on shares of Calian Group from C$72.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. Finally, CIBC raised their target price on Calian Group from C$75.00 to C$76.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$78.14.

Calian Group Price Performance

The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 32.06. The business’s 50 day simple moving average is C$55.61 and its two-hundred day simple moving average is C$56.73. The stock has a market capitalization of C$656.73 million, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share for the quarter, missing the consensus estimate of C$1.29 by C($0.24). The business had revenue of C$201.27 million during the quarter, compared to the consensus estimate of C$194.97 million. Calian Group had a net margin of 2.80% and a return on equity of 6.22%. As a group, sell-side analysts forecast that Calian Group Ltd. will post 4.6162117 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 28th. This represents a $1.12 annualized dividend and a yield of 2.02%. Calian Group’s dividend payout ratio (DPR) is currently 65.88%.

Calian Group Company Profile

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.