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

Calian Group Ltd. (TSE:CGY) has earned an average recommendation of “Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$72.14.

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

Insider Transactions at Calian Group

In related news, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$49.59, for a total value of C$42,101.91. Also, Senior Officer Patrick Belanger Houston sold 1,469 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$47.69, for a total value of C$70,056.61. Over the last quarter, insiders have purchased 2,897 shares of company stock valued at $137,488 and have sold 10,884 shares valued at $528,380. Corporate insiders own 0.63% of the company’s stock.

Calian Group Trading Up 1.0 %

Shares of TSE:CGY opened at C$44.24 on Friday. The stock has a market capitalization of C$525.17 million, a price-to-earnings ratio of 47.37, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29. The stock’s 50-day simple moving average is C$48.37 and its two-hundred day simple moving average is C$48.00. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$60.84.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, February 26th. Calian Group’s dividend payout ratio (DPR) is currently 119.93%.

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.