Calian Group (TSE:CGY) Sets New 52-Week High After Dividend Announcement

by · The Cerbat Gem

Calian Group Ltd. (TSE:CGY – Get Free Report) hit a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as C$59.21 and last traded at C$59.21, with a volume of 20269 shares trading hands. The stock had previously closed at C$58.15.

The newly announced dividend which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 23rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.9%. The ex-dividend date is Tuesday, December 9th. Calian Group’s dividend payout ratio is presently 63.64%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Calian Group from C$60.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. Ventum Financial increased their target price on shares of Calian Group from C$58.00 to C$62.00 and gave the company a “buy” rating in a research note on Thursday, November 27th. Desjardins lifted their target price on Calian Group from C$59.00 to C$66.00 and gave the stock a “buy” rating in a research report on Thursday, November 27th. CIBC boosted their price target on Calian Group from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada upped their price target on Calian Group from C$58.00 to C$66.00 and gave the company an “outperform” rating in a report on Thursday, November 27th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$63.80.

Read Our Latest Stock Report on CGY

Calian Group Stock Performance

The firm has a market capitalization of C$672.71 million, a price-to-earnings ratio of 33.68, a price-to-earnings-growth ratio of 2.50 and a beta of 0.32. The firm’s 50-day moving average price is C$51.36 and its two-hundred day moving average price is C$49.54. The company has a debt-to-equity ratio of 39.54, a quick ratio of 1.20 and a current ratio of 1.29.

Calian Group (TSE:CGY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 26th. The company reported C$1.00 earnings per share (EPS) for the quarter. The firm had revenue of C$203.18 million during the quarter. Calian Group had a net margin of 1.50% and a return on equity of 3.37%. Sell-side analysts predict that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

About Calian Group

(Get Free Report)

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.

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