Calian Group (TSE:CGY) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Calian Group Ltd. (TSE:CGYGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$79.77 and traded as low as C$78.21. Calian Group shares last traded at C$79.51, with a volume of 18,656 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the company a “buy” rating in a report on Wednesday, May 20th. Ventum Financial set a C$106.00 target price on Calian Group and gave the company a “buy” rating in a research report on Thursday, August 27th. Royal Bank Of Canada lifted their price target on Calian Group from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Desjardins upped their price target on Calian Group from C$104.00 to C$109.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Canaccord Genuity Group increased their price target on Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat, Calian Group currently has a consensus rating of “Buy” and a consensus price target of C$101.72.

Get Our Latest Report on CGY

Calian Group Trading Down 0.1%

The firm has a market capitalization of C$915.73 million, a price-to-earnings ratio of 24.08, a PEG ratio of 2.50 and a beta of 0.79. The company has a fifty day moving average price of C$79.66 and a two-hundred day moving average price of C$78.83. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28.

Calian Group (TSE:CGYGet Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%.The firm had revenue of C$230.40 million during the quarter. As a group, research analysts forecast that Calian Group Ltd. will post 4.9475219 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date was Wednesday, August 26th. Calian Group’s dividend payout ratio is presently 33.94%.

Insider Activity

In related news, insider Patrick Belanger Houston purchased 699 shares of Calian Group stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of C$73.18 per share, for a total transaction of C$51,152.82. Following the acquisition, the insider directly owned 22,965 shares in the company, valued at approximately C$1,680,578.70. The trade was a 3.14% increase in their ownership of the stock. 0.63% of the stock is owned by company insiders.

About Calian Group

(Get Free Report)

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.

Further Reading

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