Calian Group (TSE:CGY) Price Target Lowered to C$62.00 at CIBC

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

Several other equities analysts have also issued reports on CGY. Ventum Financial decreased their price target on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital lowered their target price on Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Calian Group presently has a consensus rating of “Buy” and a consensus price target of C$72.14.

Calian Group Stock Performance

Shares of TSE:CGY opened at C$44.50 on Friday. Calian Group has a 1 year low of C$42.88 and a 1 year high of C$61.24. The stock has a market capitalization of C$528.26 million, a price-to-earnings ratio of 47.65, a price-to-earnings-growth 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. The company’s 50 day simple moving average is C$48.73 and its 200 day simple moving average is C$48.38.

Calian Group Dividend Announcement

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

Insider Activity

In other news, Director Jo-Anne Cecile Poirier sold 4,368 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$47.15, for a total transaction of C$205,951.20. Also, Director Valerie Sorbie acquired 1,700 shares of Calian Group stock in a transaction that occurred on Friday, December 27th. The stock was acquired at an average cost of C$48.27 per share, for a total transaction of C$82,059.00. Over the last three months, insiders have bought 2,297 shares of company stock valued at $110,638 and have sold 10,884 shares valued at $528,380. 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.