Calian Group (TSE:CGY) Price Target Raised to C$62.00 at CIBC

Calian Group (TSE:CGY) had its price objective raised by CIBC from C$59.00 to C$62.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other analysts have also weighed in on the company. Ventum Financial cut their price objective on Calian Group from C$60.00 to C$58.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Desjardins cut their target price on Calian Group from C$62.00 to C$59.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$61.17.

Calian Group Trading Down 2.9%

Shares of Calian Group stock opened at C$49.07 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 39.54. The firm has a market cap of C$556.70 million, a price-to-earnings ratio of -817.83, a price-to-earnings-growth ratio of 2.50 and a beta of 0.44. The business has a fifty day simple moving average of C$50.89 and a 200-day simple moving average of C$48.31. Calian Group has a fifty-two week low of C$37.70 and a fifty-two week high of C$53.74.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Tuesday, September 9th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.3%. Calian Group’s payout ratio is -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.