Calian Group Ltd. (TSE:CGY) Receives C$72.29 Average PT from Analysts

Calian Group Ltd. (TSE:CGY) has received an average rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$72.29.

Several research analysts have weighed in on the company. Cormark lowered their target price on Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. CIBC lowered their target price on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Ventum Financial lowered their target price on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Royal Bank of Canada lowered their target price on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, Acumen Capital decreased their price target on Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th.

Insiders Place Their Bets

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. Over the last ninety days, insiders have bought 1,515 shares of company stock worth $69,297. 0.63% of the stock is owned by corporate insiders.

Calian Group Trading Down 1.0 %

Shares of CGY stock opened at C$50.04 on Monday. The business’s 50 day moving average is C$48.73 and its two-hundred day moving average is C$50.69. Calian Group has a twelve month low of C$42.88 and a twelve month high of C$61.24. The company has a market capitalization of C$592.97 million, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.24%. Calian Group’s payout ratio is 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.