Calian Group (TSE:CGY) Price Target Raised to C$74.00 at Cormark

Calian Group (TSE:CGY - Free Report) had its price target increased by Cormark from C$73.00 to C$74.00 in a research note issued to investors on Friday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. CIBC boosted their price target on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an outperform rating in a research report on Monday. Acumen Capital upped their target price on Calian Group from C$78.00 to C$80.00 and gave the stock a buy rating in a research report on Thursday. Echelon Wealth Partners reissued a buy rating on shares of Calian Group in a research note on Thursday, March 21st. Canaccord Genuity Group raised their target price on Calian Group from C$75.00 to C$80.00 and gave the company a buy rating in a research note on Thursday. Finally, Desjardins lifted their target price on Calian Group from C$86.00 to C$87.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$78.14.

Calian Group Stock Performance

Shares of Calian Group stock traded down C$0.06 during trading on Friday, hitting C$58.01. 6,603 shares of the stock were exchanged, compared to its average volume of 7,235. The company has a debt-to-equity ratio of 40.20, a quick ratio of 1.20 and a current ratio of 1.01. The stock's fifty day moving average is C$56.54 and its 200 day moving average is C$56.01. The stock has a market cap of C$687.42 million, a PE ratio of 34.53, a P/E/G ratio of 2.50 and a beta of 0.93. Calian Group has a 12 month low of C$46.27 and a 12 month high of C$64.88.

Calian Group (TSE:CGY - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.46 earnings per share for the quarter, missing analysts' consensus estimates of C$1.07 by C($0.61). Calian Group had a net margin of 2.87% and a return on equity of 6.20%. The business had revenue of C$179.18 million for the quarter, compared to the consensus estimate of C$167.90 million. As a group, sell-side analysts anticipate that Calian Group will post 4.5652516 EPS for the current year.

Calian Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Tuesday, June 11th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, May 28th. Calian Group's dividend payout ratio is 66.67%.

About Calian Group

Calian Group Ltd. provides business services and solutions in Canada and internationally. It operates through four segment: Advanced Technologies, Health, Learning, and IT and Cyber Solutions (ITCS). The company offers systems engineering, software development, integration design, embedded design, operational management and lifecycle support, modelling and simulation-enabled design, and research & development solutions and services; environmental and radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training services; and sophisticated communication systems for the satellite industry, such as antennas, RF systems, decimator RF spectrum analyzers, in-orbit test systems, software defined solutions, operations and teleport services, transmitters, receivers, and modems.