Calian Group Ltd. (TSE:CGY) Given Average Recommendation of “Buy” by Brokerages

Shares of Calian Group Ltd. (TSE:CGY) have been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$74.00.

Several equities research analysts recently commented on the stock. Royal Bank of Canada cut their price target on shares of Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. CIBC cut their price objective on Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Cormark dropped their price objective on Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Finally, Ventum Financial reduced their target price on shares of Calian Group from C$74.00 to C$70.00 in a report on Friday, August 9th.

Calian Group Price Performance

Shares of CGY opened at C$47.43 on Wednesday. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company’s fifty day moving average price is C$49.46 and its 200-day moving average price is C$53.82. Calian Group has a 1-year low of C$42.88 and a 1-year high of C$61.24. The firm has a market capitalization of C$562.05 million, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) last issued its earnings results on Wednesday, August 7th. The company reported C$0.89 EPS for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a return on equity of 5.17% and a net margin of 2.28%. The company had revenue of C$185.00 million during the quarter, compared to analysts’ expectations of C$196.67 million. On average, equities research analysts predict that Calian Group will post 4.9457901 EPS for the current year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, August 21st. Calian Group’s dividend payout ratio is currently 78.87%.

Insiders Place Their Bets

In related news, Director Raymond Gregory Basler sold 4,000 shares of Calian Group stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total value of C$224,800.00. In other news, insider Calian Technologies Ltd purchased 1,600 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were acquired at an average price of C$46.55 per share, with a total value of C$74,480.00. Also, Director Raymond Gregory Basler sold 4,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of C$56.20, for a total value of C$224,800.00. In the last three months, insiders have acquired 2,665 shares of company stock valued at $122,953. Insiders own 0.62% 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.