Analysts Set Calian Group Ltd. (TSE:CGY) Price Target at C$69.67

Calian Group Ltd. (TSE:CGY) has received an average recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Five 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 brokers that have updated their coverage on the stock in the last year is C$69.67.

CGY has been the subject of a number of research reports. CIBC reduced their target price on shares of Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Acumen Capital reduced their price objective on Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Finally, Ventum Financial reduced their price objective on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th.

Insider Transactions at Calian Group

In other Calian Group news, Director Lori O’neill purchased 600 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of C$44.75 per share, for a total transaction of C$26,850.00. Following the purchase, the director now owns 600 shares of the company’s stock, valued at approximately C$26,850. This represents a ∞ increase in their position. Also, Director Valerie Sorbie bought 1,700 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were acquired at an average price of C$48.27 per share, with a total value of C$82,059.00. Insiders bought a total of 3,147 shares of company stock valued at $148,588 over the last three months. Corporate insiders own 0.63% of the company’s stock.

Calian Group Price Performance

TSE CGY opened at C$43.26 on Wednesday. Calian Group has a 52 week low of C$39.41 and a 52 week high of C$60.18. The firm has a market capitalization of C$513.54 million, a P/E ratio of 46.32, a PEG ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The company has a 50-day moving average price of C$46.11 and a 200-day moving average price of C$47.28.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th were paid a $0.28 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.59%. Calian Group’s dividend payout ratio (DPR) is presently 119.93%.

About Calian Group

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management.