Calian Group Ltd. (TSE:CGY) Receives Average Rating of "Buy" from Brokerages

Calian Group Ltd. (TSE:CGY - Get Free Report) has received a consensus rating of "Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$72.29.

Several equities research analysts have weighed in on the company. Ventum Financial dropped their target price on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Acumen Capital dropped their price objective on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th.

Insider Activity at Calian Group

In other news, Director Young Park sold 4,194 shares of the business's stock in a transaction 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 Jo-Anne Cecile Poirier sold 4,368 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$47.15, for a total value of C$205,951.20. Over the last 90 days, insiders bought 2,297 shares of company stock valued at $110,638 and sold 11,270 shares valued at $546,866. Company insiders own 0.63% of the company's stock.

Calian Group Stock Performance

Shares of Calian Group stock traded up C$1.34 on Tuesday, reaching C$50.34. 17,544 shares of the company were exchanged, compared to its average volume of 38,622. The firm has a market cap of C$596.53 million, a price-to-earnings ratio of 35.45, a P/E/G ratio of 2.50 and a beta of 0.88. Calian Group has a 1-year low of C$42.88 and a 1-year high of C$61.24. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. The company's 50-day moving average is C$48.39 and its two-hundred day moving average is C$48.97.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, December 9th. Calian Group's dividend payout ratio (DPR) is presently 78.87%.

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.