Calian Group Ltd. (TSE:CGY – Get Free Report) has been given a consensus recommendation of “Buy” by the seven brokerages that are currently covering the company, Marketbeat reports. Six equities research 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 brokers that have covered the stock in the last year is C$74.00.
A number of analysts have commented on CGY shares. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Cormark reduced their target price on Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. CIBC decreased their target price on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Canaccord Genuity Group increased their price objective on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, Acumen Capital lifted their target price on 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.
Check Out Our Latest Research Report on CGY
Calian Group Stock Performance
Calian Group (TSE:CGY – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a net margin of 2.28% and a return on equity of 5.17%. The firm had revenue of C$185.00 million for the quarter, compared to the consensus estimate of C$196.67 million. As a group, analysts anticipate that Calian Group will post 4.9508197 EPS for the current year.
Calian Group Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 21st. This represents a $1.12 annualized dividend and a yield of 2.47%. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.
Insider Activity
In related news, Director Raymond Gregory Basler sold 4,000 shares of the business’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00. Company 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.
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