Ventum Financial Cuts Calian Group (TSE:CGY) Price Target to C$68.00

Calian Group (TSE:CGY) had its price target lowered by Ventum Financial from C$70.00 to C$68.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other analysts have also recently commented on the company. CIBC dropped their price target on Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Cormark dropped their target price on Calian Group from C$74.00 to C$73.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada reduced their price target on Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$72.29.

Calian Group Trading Up 0.9 %

TSE:CGY opened at C$48.50 on Wednesday. The firm has a market capitalization of C$574.73 million, a P/E ratio of 34.15, 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. Calian Group has a one year low of C$42.88 and a one year high of C$61.24. The company’s 50-day simple moving average is C$48.57 and its 200 day simple moving average is C$50.93.

Calian Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, December 9th. Calian Group’s dividend payout ratio is currently 78.87%.

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.