Calian Group Ltd. (TSE:CGY) Receives C$78.14 Consensus Target Price from Brokerages

Calian Group Ltd. (TSE:CGY) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$78.14.

Several equities research analysts recently commented on the company. Acumen Capital boosted their target price on Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. CIBC lifted their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Canaccord Genuity Group boosted their price target on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Royal Bank of Canada lifted 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 research note on Thursday, May 16th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of Calian Group in a research report on Thursday, March 21st.

Calian Group Price Performance

CGY opened at C$54.17 on Friday. The firm has a market cap of C$641.91 million, a price-to-earnings ratio of 31.86, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. Calian Group has a fifty-two week low of C$46.27 and a fifty-two week high of C$64.88. The company’s 50-day moving average price is C$55.49 and its 200 day moving average price is C$56.49. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 32.06.

Calian Group (TSE:CGY) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). The business had revenue of C$201.27 million for 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 expect that Calian Group will post 4.6162117 earnings per share for the current year.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.07%. Calian Group’s payout ratio is currently 65.88%.

Insider Activity at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 4,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of C$56.20, for a total transaction of C$224,800.00. 0.62% of the stock is currently owned by 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.