Brokerages Set Calian Group Ltd. (TSE:CGY) PT at C$72.29

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

CGY has been the topic of several recent research reports. Ventum Financial dropped their price objective on shares of Calian Group from C$70.00 to C$68.00 in a report on Wednesday, November 27th. Acumen Capital dropped their target price on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th.

Calian Group Stock Down 0.9 %

CGY opened at C$51.44 on Tuesday. The firm has a market capitalization of C$609.56 million, a P/E ratio of 36.23, a PEG ratio of 2.50 and a beta of 0.88. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company’s 50-day moving average is C$48.63 and its 200 day moving average is C$48.94. Calian Group has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were given a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.18%. Calian Group’s dividend payout ratio is 78.87%.

Insider Transactions at Calian Group

In other Calian Group news, Director Jo-Anne Cecile Poirier sold 4,368 shares of Calian Group stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$47.15, for a total value of C$205,951.20. Also, Senior Officer Patrick Belanger Houston sold 1,469 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$47.69, for a total transaction of C$70,056.61. In the last quarter, insiders bought 2,297 shares of company stock valued at $110,638 and sold 11,270 shares valued at $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.