Calian Group (TSE:CGY) Reaches New 1-Year High - Time to Buy?

Key Points

• Calian Group Ltd. has reached a new 52-week high of C$53.65, with its last trading price at C$53.41 and a trading volume of 12,031 shares.
• Four investment analysts have rated Calian Group with a Buy rating, with a consensus price target of C$60.67.
• The company announced a quarterly dividend of $0.28 per share, representing an annual yield of 2.1%, while its dividend payout ratio stands at -1,866.67%.

Calian Group Ltd. (TSE:CGY - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as C$53.65 and last traded at C$53.41, with a volume of 12031 shares trading hands. The stock had previously closed at C$52.55.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CGY. Desjardins lowered their target price on shares of Calian Group from C$62.00 to C$59.00 and set a "buy" rating for the company in a report on Thursday, August 14th. Ventum Financial decreased their price target on shares of Calian Group from C$60.00 to C$58.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Finally, CIBC upped their price objective on Calian Group from C$50.00 to C$59.00 in a report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of C$60.67.

Calian Group Price Performance

The business's 50 day moving average price is C$50.41 and its 200-day moving average price is C$47.42. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The company has a market cap of C$605.82 million, a PE ratio of -890.00, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 26th. Calian Group's dividend payout ratio (DPR) is currently -1,866.67%.

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.

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