Calian Group Ltd. (TSE:CGY) Receives C$72.29 Consensus Price Target from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have been given a consensus rating of “Buy” by the seven research firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$72.29.

Several research analysts recently weighed in on the company. Ventum Financial cut their target price on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Acumen Capital cut their price objective on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th.

Calian Group Stock Performance

TSE:CGY opened at C$50.84 on Tuesday. The company has a market cap of C$602.45 million, a P/E ratio of 35.80, a P/E/G ratio of 2.50 and a beta of 0.88. The firm’s 50 day moving average is C$48.63 and its two-hundred day moving average is C$48.91. Calian Group has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were issued a dividend of $0.28 per share. The ex-dividend date was Monday, December 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.20%. Calian Group’s payout ratio is currently 78.87%.

Insiders Place Their Bets

In related news, Senior Officer Patrick Belanger Houston sold 1,469 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$47.69, for a total value of C$70,056.61. Also, Director Valerie Sorbie acquired 1,700 shares of the company’s stock in a transaction on Friday, December 27th. The shares were acquired at an average price of C$48.27 per share, for a total transaction of C$82,059.00. In the last 90 days, insiders purchased 2,297 shares of company stock worth $110,638 and sold 11,270 shares worth $546,866. 0.63% of the stock is owned by company 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.