Royal Bank of Canada Lowers Calian Group (TSE:CGY) Price Target to C$60.00

Calian Group (TSE:CGY) had its price objective trimmed by Royal Bank of Canada from C$65.00 to C$60.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Separately, CIBC cut their price target on shares of Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$68.83.

Calian Group Stock Up 1.2 %

Shares of TSE CGY opened at C$45.71 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The business has a 50-day moving average of C$43.20 and a 200-day moving average of C$46.90. The firm has a market capitalization of C$542.62 million, a price-to-earnings ratio of 48.95, a PEG ratio of 2.50 and a beta of 0.88. Calian Group has a 12 month low of C$39.41 and a 12 month high of C$59.27.

Calian Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th were issued a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.45%. Calian Group’s payout ratio is 119.93%.

Insider Activity

In other news, Director Lori O’neill purchased 600 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of C$44.75 per share, with a total value of C$26,850.00. Following the transaction, the director now directly owns 600 shares of the company’s stock, valued at approximately C$26,850. This represents a ∞ increase in their position. Insiders own 0.63% of the company’s stock.

Calian Group Company Profile

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.