Analysts Set Calian Group Ltd. (TSE:CGY) Target Price at C$72.29

Shares of Calian Group Ltd. (TSE:CGY) have been given an average rating of “Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$72.29.

CGY has been the subject of a number of research analyst reports. Ventum Financial lowered their price target on Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. Acumen Capital dropped their target price on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th.

Calian Group Stock Down 1.2 %

Shares of Calian Group stock opened at C$50.84 on Tuesday. The business has a 50-day moving average price of C$48.63 and a 200 day moving average price of C$48.91. Calian Group has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24. The firm has a market cap of C$602.45 million, a P/E ratio of 35.80, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.20%. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.

Insider Buying and Selling at Calian Group

In related news, Director Valerie Sorbie acquired 1,700 shares of Calian Group stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average price of C$48.27 per share, with a total value of C$82,059.00. Also, Director Young Park sold 4,194 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$50.09, for a total transaction of C$210,077.46. In the last ninety days, insiders bought 2,297 shares of company stock valued at $110,638 and sold 11,270 shares valued at $546,866. 0.63% of the stock is currently owned by company insiders.

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.