Calian Group Ltd. (TSE:CGY) Receives Consensus Recommendation of “Buy” from Brokerages

Calian Group Ltd. (TSE:CGY) has been given an average rating of “Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$72.29.

A number of analysts recently commented on CGY shares. Royal Bank of Canada dropped their price target on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Ventum Financial cut their target price on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Cormark decreased their price target on shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Acumen Capital lowered their price objective on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Finally, CIBC reduced their target price on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th.

Calian Group Stock Up 0.9 %

Shares of TSE:CGY opened at C$48.50 on Monday. The stock’s 50-day moving average is C$48.57 and its 200 day moving average is C$50.86. The company has a market cap of C$574.73 million, a PE ratio of 34.15, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$61.24.

Calian Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 23rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. Calian Group’s payout ratio is currently 78.87%.

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.