Brokerages Set Calian Group Ltd. (TSE:CGY) Price Target at C$72.29

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

A number of research firms have recently commented on CGY. Ventum Financial cut their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Acumen Capital cut their price target on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th.

Insiders Place Their Bets

In other news, Director Valerie Sorbie acquired 1,700 shares of Calian Group stock in a transaction dated Friday, December 27th. The shares were purchased at an average cost of C$48.27 per share, for a total transaction of C$82,059.00. Also, Director Young Park sold 4,194 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$50.09, for a total value of C$210,077.46. In the last quarter, insiders purchased 2,265 shares of company stock valued at $108,988 and sold 11,266 shares valued at $546,673. Corporate insiders own 0.63% of the company’s stock.

Calian Group Trading Down 0.7 %

Shares of TSE:CGY opened at C$47.89 on Friday. The company has a 50-day simple moving average of C$48.55 and a 200 day simple moving average of C$49.74. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24. The company has a market capitalization of C$567.50 million, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.12 annualized dividend and a yield of 2.34%. Calian Group’s 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.