Calian Group (TSE:CGY – Free Report) had its target price increased by Cormark from C$73.00 to C$74.00 in a report released on Friday, BayStreet.CA reports.
A number of other equities research analysts have also weighed in on the company. CIBC raised their price objective on Calian Group from C$75.00 to C$76.00 and gave the company an outperform rating in a research note on Monday, May 13th. Desjardins boosted their price target on Calian Group from C$86.00 to C$87.00 and gave the company a buy rating in a report on Wednesday, March 6th. Acumen Capital boosted their price target on Calian Group from C$78.00 to C$80.00 and gave the company a buy rating in a report on Thursday, May 16th. Echelon Wealth Partners reiterated a buy rating on shares of Calian Group in a report on Thursday, March 21st. Finally, Canaccord Genuity Group boosted their price target on Calian Group from C$75.00 to C$80.00 and gave the company a buy rating in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and an average target price of C$78.14.
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Calian Group Price Performance
Calian Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. Calian Group’s dividend payout ratio is currently 66.67%.
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.
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