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

Calian Group Ltd. (TSE:CGY) has earned an average rating of “Buy” from the seven brokerages that are currently covering the company, 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 twelve-month target price among brokers that have issued a report on the stock in the last year is C$74.00.

CGY has been the subject of a number of recent analyst reports. Ventum Financial lowered their target price 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 shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. CIBC lowered their target price on shares of Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Royal Bank of Canada lowered their target price on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th.

Insider Transactions at Calian Group

In other Calian Group news, insider Calian Technologies Ltd purchased 1,600 shares of the company’s stock in a transaction dated 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. Over the last 90 days, insiders have acquired 3,115 shares of company stock worth $143,777. Insiders own 0.63% of the company’s stock.

Calian Group Trading Up 0.6 %

CGY stock opened at C$50.84 on Friday. The firm has a fifty day moving average price of C$46.52 and a 200 day moving average price of C$52.42. 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 debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. The firm has a market cap of C$602.45 million, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

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

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.28 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.20%. Calian Group’s payout ratio is 78.87%.

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.