Calian Group Ltd. (TSE:CGY) Receives Average Recommendation of “Buy” from Analysts

Shares of Calian Group Ltd. (TSE:CGY) have received an average rating of “Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is C$87.94.

A number of research firms have weighed in on CGY. ATB Cormark Capital Markets upped their target price on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Acumen Capital upped their target price on Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus set a C$100.00 target price on Calian Group and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce upped their target price on Calian Group from C$76.00 to C$90.00 in a research report on Friday, May 15th.

Calian Group Stock Performance

Shares of TSE CGY opened at C$83.44 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. The stock has a 50 day simple moving average of C$74.06 and a 200-day simple moving average of C$65.98. The company has a market cap of C$952.13 million, a PE ratio of 29.28, a P/E/G ratio of 2.50 and a beta of 0.92. Calian Group has a 12-month low of C$37.70 and a 12-month high of C$85.16.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$1.30 earnings per share (EPS) for the quarter. The business had revenue of C$228.70 million during the quarter. Calian Group had a return on equity of 10.35% and a net margin of 3.97%. On average, equities research analysts forecast that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, May 27th. Calian Group’s dividend payout ratio is 39.30%.

Calian Group Company Profile

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.