Brokerages Set Calian Group Ltd. (TSE:CGY) Target Price at C$72.14

Calian Group Ltd. (TSE:CGY) has been assigned an average rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$72.14.

Several brokerages have recently issued reports on CGY. Ventum Financial decreased their price objective on Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. CIBC decreased their price objective on Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Finally, Acumen Capital decreased their price objective on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th.

Calian Group Stock Up 1.0 %

Shares of CGY opened at C$44.24 on Friday. The stock has a market capitalization of C$525.17 million, a price-to-earnings ratio of 47.37, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$60.84. The business’s 50 day simple moving average is C$48.37 and its 200-day simple moving average is C$48.00. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, February 26th. Calian Group’s dividend payout ratio is currently 119.93%.

Insider Activity

In other Calian Group news, Director Lori O’neill acquired 600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$44.75 per share, with a total value of C$26,850.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at C$26,850. The trade was a ∞ increase in their position. Also, Director Young Park sold 4,194 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$50.09, for a total value of C$210,077.46. In the last 90 days, insiders have purchased 2,897 shares of company stock valued at $137,488 and have sold 10,884 shares valued at $528,380. Corporate insiders own 0.63% of the company’s stock.

Calian Group Company Profile

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.