Calian Group (TSE:CGY) Hits New 1-Year High – Here’s What Happened

Calian Group Ltd. (TSE:CGY)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$85.31 and last traded at C$85.31, with a volume of 29655 shares trading hands. The stock had previously closed at C$83.44.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CGY. Royal Bank Of Canada lifted their target price on shares of Calian Group from C$78.00 to C$90.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the stock a “buy” rating in a report on Wednesday, May 20th. ATB Cormark Capital Markets boosted their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Calian Group from C$76.00 to C$90.00 in a report on Friday, May 15th. Finally, Ventum Financial boosted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$87.94.

Calian Group Trading Up 1.7%

The business’s 50-day simple moving average is C$74.06 and its 200-day simple moving average is C$66.08. The company has a debt-to-equity ratio of 63.54, a current ratio of 1.51 and a quick ratio of 1.20. The company has a market cap of C$968.22 million, a price-to-earnings ratio of 29.77, a PEG ratio of 2.50 and a beta of 0.92.

Calian Group (TSE:CGY) last posted its quarterly earnings data on Thursday, May 14th. The company reported C$1.30 earnings per share for the quarter. The business had revenue of C$228.70 million during the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. Research analysts predict that Calian Group Ltd. 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 will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Calian Group’s payout ratio is currently 39.30%.

Insider Buying and Selling

In related news, insider Patrick Belanger Houston sold 6,432 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the transaction, the insider owned 22,266 shares of the company’s stock, valued at approximately C$1,801,542.06. This represents a 22.41% decrease in their ownership of the stock. 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.