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

Calian Group Ltd. (TSE:CGY) 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.

Calian Group Stock Performance

Shares of TSE CGY opened at C$45.31 on Friday. Calian Group has a 52-week low of C$43.87 and a 52-week high of C$61.24. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The firm’s 50-day moving average price is C$51.93 and its 200-day moving average price is C$55.09. The company has a market cap of C$536.47 million, a PE ratio of 31.91, a PEG ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) 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.