Calian Group Ltd. (TSE:CGY) Given Consensus Rating of “Buy” by Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have been given an average rating of “Buy” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities 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 price objective among brokers that have updated their coverage on the stock in the last year is C$72.29.

A number of research analysts have commented on CGY shares. CIBC reduced their target price on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Royal Bank of Canada reduced their price objective on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Ventum Financial dropped their target price on shares of Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. Acumen Capital reduced their price target on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Finally, Cormark lowered their price objective on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th.

Insider Buying and Selling at Calian Group

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of Calian Group stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total transaction of C$42,101.91. Insiders bought 1,315 shares of company stock valued at $60,477 in the last ninety days. Company insiders own 0.63% of the company’s stock.

Calian Group Stock Performance

Shares of CGY stock opened at C$50.25 on Monday. The stock has a market capitalization of C$595.46 million, a price-to-earnings ratio of 35.39, a PEG ratio of 2.50 and a beta of 0.88. Calian Group has a one year low of C$42.88 and a one year high of C$61.24. The company’s 50-day simple moving average is C$48.86 and its 200-day simple moving average is C$50.69. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 23rd will be given a $0.28 dividend. The ex-dividend date is Monday, December 9th. This represents a $1.12 annualized dividend and a yield of 2.23%. Calian Group’s dividend payout ratio is presently 78.87%.

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.