Scotia Analysts Give Calian Group (TSE:CGY) a C$105.00 Price Target

Scotia set a C$105.00 price objective on Calian Group (TSE:CGY) in a report published on Friday morning,BayStreet reports. The brokerage currently has a sector outperform rating on the stock.

CGY has been the topic of a number of other reports. Canadian Imperial Bank of Commerce lifted their target price on Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Desjardins upped their price target on 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. Ventum Financial set a C$106.00 price target on shares of Calian Group and gave the stock a “buy” rating in a report on Thursday, August 27th. Ventum Capital set a C$106.00 target price on Calian Group and gave the company a “buy” rating in a research note on Thursday, September 17th. Finally, National Bank Financial set a C$100.00 target price on shares of Calian Group and gave the stock an “outperform” rating in a research report on Tuesday, September 15th. Eleven research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$102.21.

Calian Group Stock Down 2.5%

CGY stock opened at C$82.98 on Friday. The firm has a 50 day simple moving average of C$81.06 and a 200 day simple moving average of C$77.68. Calian Group has a 12 month low of C$44.89 and a 12 month high of C$95.50. The firm has a market cap of C$956.18 million, a PE ratio of 25.15, a P/E/G ratio of 2.50 and a beta of 0.66. The company has a debt-to-equity ratio of 54.28, a current ratio of 1.61 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. The company had revenue of C$230.40 million for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%. Equities research analysts forecast that Calian Group will post 4.95 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 26th. Calian Group’s payout ratio is 33.94%.

Insider Activity at Calian Group

In related news, insider Patrick Belanger Houston purchased 699 shares of Calian Group stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of C$73.18 per share, with a total value of C$51,152.82. Following the transaction, the insider owned 22,965 shares in the company, valued at approximately C$1,680,578.70. The trade was a 3.14% increase in their position. Corporate insiders own 0.63% of the company’s stock.

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.