Calian Group (TSE:CGY - Free Report) had its price target raised by Desjardins from C$61.00 to C$62.00 in a research note published on Wednesday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.
CGY has been the topic of a number of other reports. Canaccord Genuity Group reduced their price target on shares of Calian Group from C$75.00 to C$60.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Royal Bank Of Canada reduced their price target on shares of Calian Group from C$60.00 to C$58.00 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, Ventum Financial set a C$60.00 price target on shares of Calian Group and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Calian Group presently has a consensus rating of "Buy" and an average target price of C$63.57.
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Calian Group Stock Performance
Shares of TSE:CGY traded down C$0.41 during midday trading on Wednesday, hitting C$50.09. The stock had a trading volume of 21,112 shares, compared to its average volume of 37,537. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. Calian Group has a 1 year low of C$37.70 and a 1 year high of C$57.00. The company has a market capitalization of C$594.62 million, a PE ratio of 53.64, a P/E/G ratio of 2.50 and a beta of 0.88. The stock has a 50 day moving average price of C$45.10 and a two-hundred day moving average price of C$45.56.
Calian Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Tuesday, June 10th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.24%. The ex-dividend date was Tuesday, May 27th. Calian Group's payout ratio is 119.93%.
Insider Activity
In related news, Senior Officer Kevin Lee Ford bought 1,000 shares of the stock in a transaction that occurred on Monday, May 26th. The stock was acquired at an average cost of C$38.05 per share, with a total value of C$38,050.00. Insiders purchased a total of 2,934 shares of company stock valued at $116,566 over the last three months. Corporate insiders own 0.63% of the company's stock.
Calian Group Company Profile
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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.
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