Brokerages Set Calian Group Ltd. (TSE:CGY) PT at C$72.14

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

A number of research analysts have recently commented on CGY shares. CIBC dropped their target price on shares of Calian Group from C$63.00 to C$62.00 in a report on Friday. 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. Finally, Ventum Financial dropped their target price on shares of Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th.

Insider Transactions at Calian Group

In other Calian Group news, Director Young Park sold 4,194 shares of the business’s stock in a transaction on Monday, December 9th. The stock was 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 business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91. Over the last ninety days, insiders purchased 2,297 shares of company stock valued at $110,638 and sold 10,884 shares valued at $528,380. Company insiders own 0.63% of the company’s stock.

Calian Group Trading Down 1.0 %

Shares of CGY stock opened at C$44.50 on Friday. The stock’s fifty day moving average price is C$48.53 and its two-hundred day moving average price is C$48.17. The company has a market cap of C$528.26 million, a PE ratio of 47.65, a P/E/G 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. Calian Group has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24.

Calian Group Announces Dividend

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