Calian Group (TSE:CGY) Sets New 12-Month High - Here's Why

Key Points

• Calian Group Ltd. reached a new 12-month high of C$53.74, with a trading volume of 10,608 shares.
• Recent analyst reports have mixed targets for the company, with Desjardins lowering their target to C$59.00, while CIBC raised theirs to C$59.00, maintaining a consensus "Buy" rating.
• The company announced a quarterly dividend of $0.28, yielding 2.1%, despite a notable high dividend payout ratio of -1,866.67%.

Calian Group Ltd. (TSE:CGY - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$53.74 and last traded at C$53.74, with a volume of 10608 shares. The stock had previously closed at C$51.67.

Analysts Set New Price Targets

Several brokerages recently issued reports on CGY. Desjardins reduced their price objective on shares of Calian Group from C$62.00 to C$59.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Ventum Financial dropped their price target on shares of Calian Group from C$60.00 to C$58.00 and set a "buy" rating for the company in a research report on Thursday, August 14th. Finally, CIBC increased their price objective on shares of Calian Group from C$50.00 to C$59.00 in a research report on Monday, July 21st. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of C$60.67.

Calian Group Stock Performance

The stock's fifty day simple moving average is C$50.60 and its 200-day simple moving average is C$47.72. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The company has a market capitalization of C$603.67 million, a price-to-earnings ratio of -886.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 9th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, August 26th. Calian Group's dividend payout ratio (DPR) is presently -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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