Calian Group (TSE:CGY) Shares Pass Below Fifty Day Moving Average of $56.10

Calian Group Ltd. (TSE:CGYGet Free Report) shares 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

Several brokerages recently weighed in on CGY. Desjardins increased their price objective on Calian Group from C$86.00 to C$87.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Canaccord Genuity Group raised their price objective on Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Calian Group in a research report on Thursday, March 21st. Cormark lifted their price target on shares of Calian Group from C$73.00 to C$74.00 in a research report on Friday, May 17th. Finally, Acumen Capital upped their price objective on shares of Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Calian Group has an average rating of “Buy” and a consensus price target of C$78.14.

Get Our Latest Research Report on CGY

Calian Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 32.06, a current ratio of 1.30 and a quick ratio of 1.20. The firm has a market cap of C$655.66 million, a PE ratio of 32.55, a price-to-earnings-growth ratio of 2.50 and a beta of 0.93. The company’s 50 day moving average price is C$56.10 and its 200 day moving average price is C$56.55.

Calian Group (TSE:CGYGet Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C$1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.29 by C($0.24). Calian Group had a return on equity of 6.22% and a net margin of 2.80%. The business had revenue of C$201.27 million for the quarter, compared to analysts’ expectations of C$194.97 million. As a group, analysts forecast that Calian Group Ltd. will post 4.6162117 EPS for the current fiscal year.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a yield of 2.02%. Calian Group’s payout ratio is 65.88%.

Calian Group Company Profile

(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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