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

Shares of Calian Group Ltd. (TSE:CGY) have earned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$72.29.

A number of brokerages recently issued reports on CGY. Acumen Capital lowered their price objective on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial lowered their price target on Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th.

Calian Group Stock Performance

TSE CGY opened at C$49.00 on Tuesday. The company’s 50 day simple moving average is C$48.39 and its two-hundred day simple moving average is C$48.97. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$61.24. The stock has a market capitalization of C$580.65 million, a PE ratio of 34.51, a P/E/G ratio of 2.50 and a beta of 0.88.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.29%. The ex-dividend date was Monday, December 9th. Calian Group’s dividend payout ratio (DPR) is currently 78.87%.

Insider Activity

In other Calian Group news, Director Raymond Gregory Basler sold 849 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91. Also, Director Young Park sold 4,194 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of C$50.09, for a total value of C$210,077.46. In the last three months, insiders have bought 2,297 shares of company stock worth $110,638 and have sold 11,270 shares worth $546,866. Corporate insiders own 0.63% 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.