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

Calian Group Ltd. (TSE:CGY) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$72.14.

A number of research firms recently commented on CGY. CIBC lowered their price target on shares of Calian Group from C$63.00 to C$62.00 in a report on Friday. Ventum Financial lowered their target price on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Finally, Acumen Capital cut their price target on Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th.

Calian Group Stock Performance

TSE CGY opened at C$44.50 on Friday. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The company has a market capitalization of C$528.26 million, a PE ratio of 47.65, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24. The company has a 50-day simple moving average of C$48.73 and a 200 day simple moving average of C$48.38.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, March 12th will be issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, February 26th. This represents a $1.12 dividend on an annualized basis and a yield of 2.52%. Calian Group’s dividend payout ratio (DPR) is 119.93%.

Insider Buying and Selling at Calian Group

In related news, Senior Officer Patrick Belanger Houston sold 1,469 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$47.69, for a total transaction of C$70,056.61. Also, Director Young Park sold 4,194 shares of the firm’s stock in a transaction dated 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 quarter, insiders purchased 2,297 shares of company stock valued at $110,638 and sold 10,884 shares valued at $528,380. Insiders own 0.63% 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.