Calian Group Ltd. (TSE:CGY) Given Average Rating of “Buy” by Brokerages

Calian Group Ltd. (TSE:CGY) has been given a consensus recommendation of “Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$78.14.

Several brokerages recently issued reports on CGY. Acumen Capital increased their target price on shares of Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Royal Bank of Canada upped their price objective on shares of Calian Group from C$72.00 to C$75.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Canaccord Genuity Group upped their price objective on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Echelon Wealth Partners restated a “buy” rating on shares of Calian Group in a report on Thursday, March 21st. Finally, CIBC upped their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the stock an “outperform” rating in a report on Monday, May 13th.

Insiders Place Their Bets

In other Calian Group news, Director Raymond Gregory Basler sold 4,000 shares of the stock in a transaction dated Friday, June 28th. The shares were sold at an average price of C$56.20, for a total transaction of C$224,800.00. Company insiders own 0.62% of the company’s stock.

Calian Group Trading Down 1.6 %

TSE:CGY opened at C$53.26 on Friday. The firm has a market cap of C$631.13 million, a P/E ratio of 31.33, a P/E/G ratio of 2.50 and a beta of 0.93. Calian Group has a 52 week low of C$46.27 and a 52 week high of C$64.88. The firm’s fifty day moving average is C$55.54 and its 200-day moving average is C$56.55. The company has a debt-to-equity ratio of 32.06, a quick ratio of 1.20 and a current ratio of 1.30.

Calian Group (TSE:CGY) last issued its earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.29 by C($0.24). The company had revenue of C$201.27 million for the quarter, compared to the consensus estimate of C$194.97 million. Calian Group had a return on equity of 6.22% and a net margin of 2.80%. Equities analysts expect that Calian Group will post 4.6162117 earnings per share for the current year.

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Investors of record on Tuesday, May 28th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.10%. Calian Group’s dividend payout ratio (DPR) is presently 65.88%.

Calian Group Company Profile

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.