Calian Group Ltd. (TSE:CGY) Stock Rated “Buy” by Sell-Side Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have been given an average recommendation of “Buy” by the eleven research firms that are currently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$101.95.

CGY has been the subject of several recent research reports. Desjardins upped their price target on shares of Calian Group from C$104.00 to C$109.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price objective on Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Canaccord Genuity Group increased their price objective on Calian Group from C$103.00 to C$105.00 and gave the company a “buy” rating in a report on Monday, June 29th. Ventum raised their target price on Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, National Bank Financial set a C$100.00 target price on Calian Group and gave the stock an “outperform” rating in a report on Tuesday, September 15th.

Insider Activity at Calian Group

In related news, insider Patrick Belanger Houston bought 699 shares of Calian Group stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of C$73.18 per share, for a total transaction of C$51,152.82. Following the completion of the acquisition, the insider directly owned 22,965 shares of the company’s stock, valued at approximately C$1,680,578.70. The trade was a 3.14% increase in their position. 0.63% of the stock is currently owned by corporate insiders.

Calian Group Price Performance

Shares of CGY opened at C$84.01 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 54.28. The stock has a market cap of C$968.05 million, a PE ratio of 25.46, a PEG ratio of 2.50 and a beta of 0.79. Calian Group has a 12-month low of C$44.89 and a 12-month high of C$95.50. The business has a 50-day simple moving average of C$80.52 and a two-hundred day simple moving average of C$79.04.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%.The firm had revenue of C$230.40 million for the quarter. Analysts anticipate that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Wednesday, September 9th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, August 26th. Calian Group’s payout ratio is currently 33.94%.

About Calian Group

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.