Calian Group (TSE:CGY) Trading Up 14.6% – Here’s What Happened

Calian Group Ltd. (TSE:CGY) shot up 14.6% on Thursday . The company traded as high as C$78.50 and last traded at C$77.96. 92,910 shares changed hands during trading, an increase of 109% from the average session volume of 44,516 shares. The stock had previously closed at C$68.00.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CGY. Canaccord Genuity Group lifted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research note on Friday, February 13th. Ventum Financial lifted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the company a “buy” rating in a research note on Tuesday, March 10th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Calian Group from C$65.00 to C$76.00 in a research note on Friday, February 13th. Acumen Capital lifted their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Calian Group from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$76.83.

Calian Group Stock Up 18.5%

The stock has a fifty day moving average of C$74.20 and a 200 day moving average of C$64.51. The firm has a market capitalization of C$919.74 million, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92. The company has a debt-to-equity ratio of 64.10, a current ratio of 1.65 and a quick ratio of 1.20.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. The company had revenue of C$228.70 million for the quarter. Calian Group had a net margin of 3.34% and a return on equity of 8.41%. On average, research analysts anticipate that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, March 11th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Wednesday, February 25th. Calian Group’s payout ratio is presently 49.12%.

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.