Calian Group (TSE:CGY) Price Target Raised to C$72.00

Calian Group (TSE:CGY) had its target price raised by Ventum Financial from C$62.00 to C$72.00 in a research report released on Tuesday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on CGY. Desjardins increased their target price on Calian Group from C$59.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. CIBC increased their price objective on shares of Calian Group from C$62.00 to C$65.00 in a research note on Wednesday, January 14th. Royal Bank Of Canada raised their price objective on shares of Calian Group from C$58.00 to C$66.00 and gave the stock an “outperform” rating in a report on Thursday, November 27th. Finally, Canaccord Genuity Group upped their target price on shares of Calian Group from C$60.00 to C$63.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$66.40.

Calian Group Stock Up 4.6%

Shares of Calian Group stock opened at C$66.56 on Tuesday. Calian Group has a 1-year low of C$37.70 and a 1-year high of C$66.96. The company has a market capitalization of C$759.52 million, a PE ratio of 37.82, a P/E/G ratio of 2.50 and a beta of 0.38. 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 business has a 50-day moving average of C$57.50 and a 200-day moving average of C$53.01.

Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 EPS for the quarter. Calian Group had a return on equity of 3.37% and a net margin of 1.50%.The business had revenue of C$203.18 million for the quarter. As a group, equities analysts forecast that Calian Group will post 4.9475219 EPS for the current fiscal year.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 23rd were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.12 annualized dividend and a dividend yield of 1.7%. Calian Group’s payout ratio is 63.64%.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.