Calian Group (TSE:CGY) Price Target Cut to C$70.00 by Analysts at Acumen Capital

Calian Group (TSE:CGY) had its price target reduced by Acumen Capital from C$75.00 to C$70.00 in a research report released on Wednesday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. CIBC dropped their target price on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Cormark dropped their price objective on shares of Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Royal Bank of Canada reduced their target price on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, Ventum Financial dropped their price target on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$72.29.

Calian Group Stock Performance

TSE:CGY opened at C$48.50 on Wednesday. The stock has a market cap of C$574.73 million, a P/E ratio of 34.15, a PEG ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The business’s 50-day moving average price is C$48.57 and its two-hundred day moving average price is C$50.90. Calian Group has a twelve month low of C$42.88 and a twelve month high of C$61.24.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Monday, December 9th. Calian Group’s dividend payout ratio is presently 78.87%.

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.