Shares of Calian Group Ltd. (TSE:CGY – Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as C$85.31 and last traded at C$85.31, with a volume of 29655 shares traded. The stock had previously closed at C$83.44.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CGY. Royal Bank Of Canada upped their price target on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Ventum Financial boosted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Calian Group presently has an average rating of “Buy” and an average target price of C$87.94.
Calian Group Stock Up 1.7%
Calian Group (TSE:CGY – Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The business had revenue of C$228.70 million during the quarter. As a group, research analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.
Calian Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, May 27th. Calian Group’s dividend payout ratio is 39.30%.
Insider Buying and Selling
In other Calian Group news, insider Patrick Belanger Houston sold 6,432 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the transaction, the insider directly owned 22,266 shares in the company, valued at C$1,801,542.06. This represents a 22.41% decrease in their position. 0.63% of the stock is owned by company insiders.
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.
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