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

Calian Group Ltd. (TSE:CGY) has received a consensus recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat Ratings 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 1 year price objective among brokerages that have issued a report on the stock in the last year is C$72.29.

A number of analysts have recently issued reports on CGY shares. Acumen Capital lowered their price objective on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Ventum Financial decreased their target price on shares of Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th.

Insiders Place Their Bets

In other news, Director Young Park sold 4,194 shares of Calian Group stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of C$50.09, for a total transaction of C$210,077.46. Also, Director Raymond Gregory Basler sold 849 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91. Over the last three months, insiders have bought 2,265 shares of company stock valued at $108,988 and have sold 11,266 shares valued at $546,673. Insiders own 0.63% of the company’s stock.

Calian Group Stock Up 0.1 %

Shares of Calian Group stock opened at C$48.35 on Friday. The firm has a market cap of C$572.95 million, a PE ratio of 34.05, a P/E/G ratio of 2.50 and a beta of 0.88. The business’s 50 day simple moving average is C$48.46 and its 200 day simple moving average is C$49.63. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. Calian Group has a 52-week low of C$42.88 and a 52-week high of C$61.24.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were paid a $0.28 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. Calian Group’s dividend payout ratio is presently 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.