Calian Group (TSE:CGY) Stock Price Passes Below Fifty Day Moving Average of $61.99

Calian Group Ltd. (TSE:CGY – Get Rating) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$61.99 and traded as low as C$61.85. Calian Group shares last traded at C$62.60, with a volume of 13,745 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on CGY. Desjardins reaffirmed a “buy” rating on shares of Calian Group in a research report on Monday, November 28th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$80.00 to C$83.00 in a research report on Friday, March 10th. Bank of Montreal cut their price objective on shares of Calian Group to C$80.00 and set an “outperform” rating on the stock in a research report on Monday, November 28th. Echelon Wealth Partners reaffirmed a “buy” rating and issued a C$85.00 price objective on shares of Calian Group in a research report on Friday, November 25th. Finally, BMO Capital Markets cut their price objective on shares of Calian Group from C$95.00 to C$80.00 in a research report on Monday, November 28th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Calian Group currently has an average rating of “Buy” and a consensus price target of C$80.60.

Calian Group Stock Down 1.4 %

The company has a current ratio of 1.48, a quick ratio of 1.20 and a debt-to-equity ratio of 8.30. The firm’s 50 day simple moving average is C$61.99 and its 200-day simple moving average is C$60.87. The stock has a market capitalization of C$729.92 million, a price-to-earnings ratio of 50.89, a price-to-earnings-growth ratio of 2.50 and a beta of 0.90.

Calian Group (TSE:CGY – Get Rating) last announced its quarterly earnings data on Tuesday, February 14th. The company reported C$0.75 EPS for the quarter, missing analysts’ consensus estimates of C$0.83 by C($0.08). Calian Group had a net margin of 2.31% and a return on equity of 4.60%. The firm had revenue of C$147.54 million during the quarter, compared to the consensus estimate of C$142.95 million. Equities analysts expect that Calian Group Ltd. will post 4.3188896 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Tuesday, February 28th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, February 27th. Calian Group’s dividend payout ratio (DPR) is presently 91.06%.

Calian Group Company Profile

(Get Rating)

Calian Group Ltd. provides business services and solutions in the areas of health, learning, advanced technology, and IT and Cyber Solutions (ITCS) in Canada and internationally. The company's Advanced Technologies segment offers developed products and engineering solutions for the space, defence, and terrestrial sectors; software and product development, custom manufacturing, full life-cycle support, studies, requirements analysis, project management, multi-discipline engineered system solutions, and training services; systems engineering, integration design, and embedded design solutions; operational management and lifecycle support, modelling and simulation-enabled design, and research and development services; nuclear and environmental services, including environmental protection, radiation protection, decommissioning and waste management, regulatory affairs and licensing, and emergency preparedness and training; electronic design and manufacturing; satellite communication products, aerospace and defence electronics, and engineering and technical services; wired and terrestrial wireless products, GNSS antennas and receivers, asset management, agriculture technology, nuclear and environment, and composites designs and products.