Calian Group (TSE:CGY) Stock Passes Below 50-Day Moving Average of $56.10

Calian Group Ltd. (TSE:CGYGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$56.10 and traded as low as C$54.00. Calian Group shares last traded at C$55.33, with a volume of 17,390 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CGY shares. CIBC lifted their price objective on shares of Calian Group from C$75.00 to C$76.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Royal Bank of Canada raised their target price on shares of Calian Group from C$72.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Acumen Capital raised their target price on shares of Calian Group from C$78.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Desjardins raised their target price on shares of Calian Group from C$86.00 to C$87.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Canaccord Genuity Group raised their target price on shares of Calian Group from C$75.00 to C$80.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Calian Group presently has a consensus rating of “Buy” and an average price target of C$78.14.

Check Out Our Latest Report on CGY

Calian Group Price Performance

The stock has a market capitalization of C$652.82 million, a P/E ratio of 32.41, a PEG ratio of 2.50 and a beta of 0.93. The business has a fifty day simple moving average of C$56.07 and a 200-day simple moving average of C$56.57. 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:CGYGet Free Report) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.29 by C($0.24). The business 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%. Sell-side analysts expect that Calian Group Ltd. will post 4.6162117 earnings per share for the current fiscal year.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Tuesday, May 28th. Calian Group’s payout ratio is 65.88%.

About Calian Group

(Get Free Report)

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.

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