Brokerages Set Calian Group Ltd. (TSE:CGY) PT at C$72.29

Shares of Calian Group Ltd. (TSE:CGY) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$72.29.

A number of equities analysts have recently weighed in on CGY shares. Acumen Capital dropped their target price on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Ventum Financial lowered their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th.

Calian Group Stock Down 0.6 %

TSE:CGY opened at C$48.06 on Friday. The business’s fifty day moving average price is C$48.39 and its 200 day moving average price is C$49.58. The firm has a market capitalization of C$569.51 million, a price-to-earnings ratio of 33.85, a PEG ratio of 2.50 and a beta of 0.88. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were issued a $0.28 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.33%. Calian Group’s dividend payout ratio is currently 78.87%.

Insider Buying and Selling at Calian Group

In other news, Director Jo-Anne Cecile Poirier sold 4,368 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$47.15, for a total transaction of C$205,951.20. Also, Director Valerie Sorbie bought 1,700 shares of Calian Group stock in a transaction that occurred on Friday, December 27th. The stock was bought at an average price of C$48.27 per share, with a total value of C$82,059.00. Over the last ninety days, insiders acquired 2,265 shares of company stock worth $108,988 and sold 11,266 shares worth $546,673. Corporate insiders own 0.63% of the company’s stock.

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.