Calian Group (TSE:CGY) Price Target Cut to C$62.00 by Analysts at CIBC

Calian Group (TSE:CGY) had its target price cut by CIBC from C$63.00 to C$62.00 in a report issued on Friday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. 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. Ventum Financial decreased their target price on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Six 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 data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$72.14.

Calian Group Stock Performance

TSE:CGY opened at C$44.50 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. Calian Group has a twelve month low of C$42.88 and a twelve month high of C$61.24. The company has a fifty day moving average of C$48.73 and a 200-day moving average of C$48.38. The firm has a market capitalization of C$528.26 million, a P/E ratio of 47.65, a P/E/G ratio of 2.50 and a beta of 0.88.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, March 12th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, February 26th. Calian Group’s payout ratio is presently 119.93%.

Insider Activity at Calian Group

In other news, Director Young Park sold 4,194 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of C$50.09, for a total value of C$210,077.46. Also, Director Raymond Gregory Basler sold 849 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total transaction of C$42,101.91. In the last quarter, insiders have acquired 2,297 shares of company stock valued at $110,638 and have sold 10,884 shares valued at $528,380. 0.63% of the stock is owned by insiders.

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.