Calian Group Ltd. (TSE:CGY) Stock Rated "Buy" by Sell-Side Brokerages

Key Points

• Calian Group has a consensus “Buy” rating from all 11 analysts covering the stock, with an average 12-month price target of C$101.95 versus a recent price of C$82.77.
• Recent brokerages raised their targets, including Desjardins to C$109, CIBC to C$107, RBC to C$105 and Ventum Capital to C$106.
• The company reported quarterly revenue of C$230.4 million and EPS of C$1.10, while paying a quarterly dividend of C$0.28, equivalent to a 1.4% annualized yield.

Shares of Calian Group Ltd. (TSE:CGY - Get Free Report) have received a consensus rating of "Buy" from the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Eleven analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$101.95.

Several equities analysts have issued reports on the stock. Ventum upped their price objective on shares of Calian Group from C$94.00 to C$100.00 and gave the company a "buy" rating in a research note on Monday, June 15th. 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. Canadian Imperial Bank of Commerce boosted their target price on Calian Group from C$93.00 to C$107.00 in a report on Friday, August 14th. Royal Bank Of Canada upped their target price on Calian Group from C$90.00 to C$105.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Finally, Ventum Capital set a C$106.00 price target on Calian Group and gave the stock a "buy" rating in a research note on Thursday, September 17th.

Calian Group Stock Down 1.3%

CGY stock opened at C$82.77 on Friday. The stock has a market cap of C$953.76 million, a P/E ratio of 25.08, a PEG ratio of 2.50 and a beta of 0.79. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28. Calian Group has a twelve month low of C$44.89 and a twelve month high of C$95.50. The company's 50 day moving average is C$80.14 and its two-hundred day moving average is C$78.97.

Calian Group (TSE:CGY - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share (EPS) for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The business had revenue of C$230.40 million during the quarter. Research analysts expect that Calian Group will post 4.9475219 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Wednesday, September 9th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 26th. Calian Group's dividend payout ratio is presently 33.94%.

Insider Activity

In other Calian Group news, insider Patrick Belanger Houston bought 699 shares of the stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of C$73.18 per share, for a total transaction of C$51,152.82. Following the completion of the transaction, the insider owned 22,965 shares in the company, valued at approximately C$1,680,578.70. The trade was a 3.14% increase in their position. Company insiders own 0.63% of the company's stock.

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. 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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