Ventum Financial set a C$60.00 price objective on Calian Group (TSE:CGY - Free Report) in a report published on Wednesday,BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other research firms have also recently weighed in on CGY. Desjardins lowered their target price on Calian Group from C$82.00 to C$61.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on shares of Calian Group from C$60.00 to C$58.00 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. CIBC dropped their price objective on shares of Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Finally, Canaccord Genuity Group decreased their target price on shares of Calian Group from C$75.00 to C$60.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$63.43.
Check Out Our Latest Stock Analysis on Calian Group
Calian Group Trading Up 1.5%
TSE CGY traded up C$0.69 on Wednesday, hitting C$46.36. 19,710 shares of the stock were exchanged, compared to its average volume of 39,544. The company's 50-day moving average price is C$43.82 and its two-hundred day moving average price is C$45.58. The company has a debt-to-equity ratio of 39.54, a current ratio of 1.29 and a quick ratio of 1.20. Calian Group has a 52-week low of C$37.70 and a 52-week high of C$57.00. The company has a market capitalization of C$550.34 million, a price-to-earnings ratio of 49.64, a P/E/G ratio of 2.50 and a beta of 0.88.
Calian Group Announces Dividend
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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, May 27th. Calian Group's dividend payout ratio (DPR) is presently 119.93%.
Insiders Place Their Bets
In related news, Senior Officer Kevin Lee Ford bought 1,000 shares of Calian Group stock in a transaction that occurred on Monday, May 26th. The stock was purchased at an average cost of C$38.05 per share, for a total transaction of C$38,050.00. Insiders acquired 2,734 shares of company stock valued at $107,266 over the last ninety days. Corporate insiders own 0.63% of the company's stock.
About Calian Group
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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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