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

Calian Group Ltd. (TSE:CGY) has received a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Six 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 target price among brokerages that have covered the stock in the last year is C$72.14.

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

Insider Activity

In related news, Director Young Park sold 4,194 shares of Calian Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$50.09, for a total transaction of C$210,077.46. Also, Director Valerie Sorbie purchased 1,700 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were bought at an average price of C$48.27 per share, with a total value of C$82,059.00. Over the last three months, insiders acquired 3,147 shares of company stock worth $148,588 and sold 10,884 shares worth $528,380. Corporate insiders own 0.63% of the company’s stock.

Calian Group Stock Down 1.1 %

Shares of Calian Group stock opened at C$43.81 on Friday. The stock’s 50-day moving average is C$48.30 and its 200 day moving average is C$47.97. Calian Group has a one year low of C$42.88 and a one year high of C$60.29. The firm has a market cap of C$520.07 million, a price-to-earnings ratio of 46.91, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20.

Calian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, March 12th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, February 26th. Calian Group’s dividend payout ratio (DPR) is 119.93%.

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.