Analysts Set Calian Group Ltd. (TSE:CGY) Price Target at C$74.00

Shares of Calian Group Ltd. (TSE:CGY) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$74.00.

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced 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 objective on shares of Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. 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 reduced their target price on Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Finally, Ventum Cap Mkts upgraded shares of Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th.

Calian Group Stock Performance

Shares of CGY opened at C$47.97 on Wednesday. The company has a market capitalization of C$568.44 million, a price-to-earnings ratio of 33.78, a PEG ratio of 2.50 and a beta of 0.89. 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 has a 1 year low of C$42.88 and a 1 year high of C$61.24. The company’s 50 day simple moving average is C$49.06 and its 200 day simple moving average is C$53.60.

Calian Group (TSE:CGY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). The business 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%. On average, sell-side analysts predict that Calian Group will post 4.9325726 EPS for the current year.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.33%. The ex-dividend date was Wednesday, August 21st. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Transactions at Calian Group

In related news, insider Calian Technologies Ltd bought 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was purchased at an average price of C$46.55 per share, for a total transaction of C$74,480.00. In other news, Director Raymond Gregory Basler sold 4,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00. Also, insider Calian Technologies Ltd bought 1,600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was purchased at an average cost of C$46.55 per share, for a total transaction of C$74,480.00. Over the last quarter, insiders acquired 2,665 shares of company stock valued at $122,953. 0.63% of the stock is currently owned by corporate insiders.

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.