Calian Group Ltd. (TSE:CGY) Given Consensus Rating of “Buy” by Analysts

Calian Group Ltd. (TSE:CGY) has earned an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$72.29.

A number of research firms have commented on CGY. Ventum Financial cut their target price on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Royal Bank of Canada dropped their price target on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Acumen Capital reduced their price objective on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Cormark dropped their target price on Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Finally, CIBC reduced their price target on shares of Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th.

Calian Group Stock Performance

Shares of TSE CGY opened at C$48.50 on Monday. The firm’s 50-day moving average price is C$48.57 and its 200-day moving average price is C$50.86. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24. The company has a market cap of C$574.73 million, a PE ratio of 34.15, a PEG ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.31%. Calian Group’s 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.