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

Calian Group Ltd. (TSE:CGY) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$78.14.

A number of analysts have recently weighed in on the company. Echelon Wealth Partners reissued a “buy” rating on shares of Calian Group in a research report on Thursday, March 21st. CIBC raised their price target on Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Canaccord Genuity Group upped their price objective on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Cormark lifted their target price on shares of Calian Group from C$73.00 to C$74.00 in a research note on Friday, May 17th. Finally, Acumen Capital boosted their target price on shares of Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th.

Calian Group Stock Performance

Shares of CGY stock opened at C$53.90 on Friday. The firm has a market cap of C$638.72 million, a price-to-earnings ratio of 31.71, a PEG ratio of 2.50 and a beta of 0.93. Calian Group has a 52-week low of C$46.27 and a 52-week high of C$64.88. The company has a quick ratio of 1.20, a current ratio of 1.30 and a debt-to-equity ratio of 32.06. The company’s 50 day moving average is C$55.65 and its 200 day moving average is C$56.61.

Calian Group (TSE:CGY) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$1.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). Calian Group had a return on equity of 6.22% and a net margin of 2.80%. The company had revenue of C$201.27 million for the quarter, compared to analysts’ expectations of C$194.97 million. On average, sell-side analysts anticipate that Calian Group will post 4.6162117 EPS for the current fiscal year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.08%. Calian Group’s dividend payout ratio is currently 65.88%.

Insider Transactions at Calian Group

In other news, Director Raymond Gregory Basler sold 4,000 shares of Calian Group stock in a transaction dated Friday, June 28th. The shares were sold at an average price of C$56.20, for a total value of C$224,800.00. Corporate insiders own 0.62% of the company’s stock.

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.