Analysts Set Calian Group Ltd. (TSE:CGY) Price Target at C$78.14

Shares of Calian Group Ltd. (TSE:CGY) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price objective among analysts that have covered the stock in the last year is C$78.14.

Several research analysts have weighed in on CGY shares. Desjardins increased their price objective on Calian Group from C$86.00 to C$87.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group increased their price objective on Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Acumen Capital increased their price objective on Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Echelon Wealth Partners reiterated a “buy” rating on shares of Calian Group in a research report on Thursday, March 21st. Finally, CIBC increased their price objective on Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Monday, May 13th.

Calian Group Stock Down 2.1 %

CGY opened at C$54.34 on Monday. Calian Group has a 1-year low of C$46.27 and a 1-year high of C$64.88. The stock’s fifty day simple moving average is C$55.73 and its 200 day simple moving average is C$56.74. The company has a current ratio of 1.30, a quick ratio of 1.20 and a debt-to-equity ratio of 32.06. The stock has a market cap of C$643.93 million, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93.

Calian Group (TSE:CGY) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). Calian Group had a net margin of 2.80% and a return on equity of 6.22%. The business had revenue of C$201.27 million during the quarter, compared to the consensus estimate of C$194.97 million. As a group, research analysts expect that Calian Group will post 4.6162117 earnings per share for the current year.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Tuesday, May 28th. Calian Group’s dividend payout ratio (DPR) is currently 65.88%.

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.