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

Shares of Calian Group Ltd. (TSE:CGY) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$74.00.

A number of equities research analysts recently weighed in on CGY shares. CIBC lowered their target price on shares of Calian Group from C$76.00 to C$63.00 in a research note on Friday, August 9th. Cormark lowered their target price on shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Ventum Financial lowered their target price on shares of Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. Royal Bank of Canada lowered their target price on shares of Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Finally, Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a research note on Tuesday, July 16th.

Calian Group Trading Up 0.7 %

Shares of Calian Group stock opened at C$50.91 on Friday. Calian Group has a 12-month low of C$42.88 and a 12-month high of C$61.24. The company has a market cap of C$603.28 million, a price-to-earnings ratio of 35.85, a PEG ratio of 2.50 and a beta of 0.89. The company has a current ratio of 1.38, a quick ratio of 1.20 and a debt-to-equity ratio of 39.88. The company’s 50-day moving average price is C$46.69 and its 200-day moving average price is C$52.58.

Calian Group (TSE:CGY) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a return on equity of 5.17% and a net margin of 2.28%. The firm had revenue of C$185.00 million during the quarter, compared to analysts’ expectations of C$196.67 million. On average, equities analysts expect that Calian Group will post 5.0379198 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Wednesday, August 21st. Calian Group’s dividend payout ratio is 78.87%.

Insider Transactions at Calian Group

In other news, insider Calian Technologies Ltd bought 1,600 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average price of C$46.55 per share, for a total transaction of C$74,480.00. Over the last 90 days, insiders have bought 3,115 shares of company stock worth $143,777. 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.