Calian Group Ltd. (TSE:CGY) Receives C$74.00 Average Target Price from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$74.00.

Several brokerages recently weighed in on CGY. Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th. Royal Bank of Canada lowered their target price on Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Ventum Financial dropped their price target on Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. CIBC reduced their target price on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Finally, Cormark decreased their price target on Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th.

Calian Group Price Performance

CGY opened at C$50.62 on Friday. The stock has a market cap of C$599.85 million, a P/E ratio of 35.65, 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. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24. The business has a fifty day moving average of C$46.53 and a 200 day moving average of C$52.44.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The firm had revenue of C$185.00 million during the quarter, compared to analysts’ expectations of C$196.67 million. Calian Group had a net margin of 2.28% and a return on equity of 5.17%. As a group, sell-side analysts anticipate that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were paid a $0.28 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $1.12 annualized dividend and a dividend yield of 2.21%. Calian Group’s payout ratio is 78.87%.

Insider Buying and Selling at Calian Group

In related news, insider Calian Technologies Ltd acquired 1,600 shares of the stock in a transaction on Tuesday, August 20th. The shares were acquired at an average price of C$46.55 per share, for a total transaction of C$74,480.00. Insiders have bought 3,115 shares of company stock valued at $143,777 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

About Calian Group

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.