Ventum Financial set a C$60.00 price objective on Calian Group (TSE:CGY - Free Report) in a research report released on Wednesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.
CGY has been the topic of several other reports. Royal Bank of Canada dropped their target price on shares of Calian Group from C$60.00 to C$58.00 and set an "outperform" rating on the stock in a report on Thursday, May 22nd. Canaccord Genuity Group dropped their target price on shares of Calian Group from C$75.00 to C$60.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Desjardins dropped their target price on shares of Calian Group from C$82.00 to C$61.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Finally, CIBC dropped their target price on shares of Calian Group from C$63.00 to C$62.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$63.43.
Read Our Latest Stock Analysis on Calian Group
Calian Group Trading Up 1.9%
Calian Group stock traded up C$0.86 during midday trading on Wednesday, hitting C$47.22. 24,532 shares of the stock were exchanged, compared to its average volume of 39,412. The company has a fifty day simple moving average of C$44.01 and a two-hundred day simple moving average of C$45.56. Calian Group has a 52 week low of C$37.70 and a 52 week high of C$57.00. The stock has a market capitalization of C$560.55 million, a PE ratio of 50.56, a P/E/G ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54.
Calian Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were issued a $0.28 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.37%. Calian Group's dividend payout ratio (DPR) is presently 119.93%.
Insider Activity
In other Calian Group news, Senior Officer Kevin Lee Ford acquired 1,000 shares of the stock in a transaction dated Monday, May 26th. The shares were bought at an average cost of C$38.05 per share, for a total transaction of C$38,050.00. Insiders have acquired 2,934 shares of company stock worth $116,566 over the last ninety days. 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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