Calian Group Ltd. (TSE:CGY) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts remain bullish on Calian Group: All nine covering brokerages rate the stock “Buy,” with an average 1-year price target of C$101.72.
• Several firms recently raised their price targets, including Desjardins to C$109, CIBC to C$107, and Canaccord Genuity to C$105.
• Calian reported quarterly revenue of C$230.4 million and EPS of C$1.10, while an insider purchased 699 shares; the company also announced a quarterly dividend of C$0.28, equivalent to a 1.5% yield.

Shares of Calian Group Ltd. (TSE:CGY - Get Free Report) have earned a consensus rating of "Buy" from the nine brokerages that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$101.72.

Several brokerages recently issued reports on CGY. ATB Cormark Capital Markets boosted their price target on Calian Group from C$92.50 to C$98.50 and gave the company an "outperform" rating in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce increased their price objective on Calian Group from C$93.00 to C$107.00 in a research report on Friday, August 14th. Canaccord Genuity Group lifted their target price on Calian Group from C$103.00 to C$105.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Desjardins boosted their target price on Calian Group from C$104.00 to C$109.00 and gave the company a "buy" rating in a report on Friday, August 14th. Finally, Ventum Financial set a C$106.00 price target on Calian Group and gave the stock a "buy" rating in a research note on Thursday, August 27th.

Insider Buying and Selling

In other news, insider Patrick Belanger Houston acquired 699 shares of the business's stock in a transaction on Friday, August 28th. The stock was bought at an average price of C$73.18 per share, for a total transaction of C$51,152.82. Following the transaction, the insider owned 22,965 shares in the company, valued at C$1,680,578.70. This represents a 3.14% increase in their ownership of the stock. Insiders own 0.63% of the company's stock.

Calian Group Stock Up 2.1%

Shares of TSE:CGY opened at C$74.52 on Tuesday. Calian Group has a 1-year low of C$44.89 and a 1-year high of C$95.50. The company has a debt-to-equity ratio of 54.28, a current ratio of 1.61 and a quick ratio of 1.20. The stock has a market cap of C$857.87 million, a P/E ratio of 22.58, a P/E/G ratio of 2.50 and a beta of 0.96. The firm has a fifty day moving average price of C$80.57 and a 200 day moving average price of C$78.46.

Calian Group (TSE:CGY - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The company had revenue of C$230.40 million for the quarter. Sell-side analysts predict that Calian Group will post 4.9475219 EPS for the current year.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Wednesday, September 9th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, August 26th. Calian Group's payout ratio is currently 33.94%.

About Calian Group

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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.

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