Insider Buying: Calian Group (TSE:CGY) Insider Buys C$51,152.82 in Stock

Calian Group Ltd. (TSE:CGYGet Free Report) insider Patrick Belanger Houston bought 699 shares of the business’s stock in a transaction on Friday, August 28th. The stock was acquired at an average cost of C$73.18 per share, for a total transaction of C$51,152.82. Following the acquisition, the insider directly owned 22,965 shares of the company’s stock, valued at C$1,680,578.70. The trade was a 3.14% increase in their ownership of the stock.

Calian Group Price Performance

TSE CGY opened at C$77.10 on Thursday. The company has a 50-day moving average price of C$80.41 and a two-hundred day moving average price of C$78.60. Calian Group Ltd. has a 52 week low of C$44.89 and a 52 week high of C$95.50. The stock has a market cap of C$888.42 million, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96. The company has a current ratio of 1.61, a quick ratio of 1.20 and a debt-to-equity ratio of 54.28.

Calian Group (TSE:CGYGet Free Report) last released its earnings results on Thursday, August 13th. The company reported C$1.10 EPS for the quarter. Calian Group had a net margin of 4.41% and a return on equity of 11.67%. The firm had revenue of C$230.40 million for the quarter. Analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, September 9th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $1.12 dividend on an annualized basis and a yield of 1.5%. Calian Group’s dividend payout ratio (DPR) is currently 33.94%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. ATB Cormark Capital Markets increased their price objective on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Desjardins upped their target price on Calian Group from C$104.00 to C$109.00 and gave the company a “buy” rating in a report on Friday, August 14th. Canadian Imperial Bank of Commerce increased their price target on shares of Calian Group from C$93.00 to C$107.00 in a research report on Friday, August 14th. Royal Bank Of Canada raised their price target on shares of Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Finally, Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the company a “buy” rating in a research report on Wednesday, May 20th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Calian Group currently has a consensus rating of “Buy” and an average target price of C$101.72.

Read Our Latest Research Report on Calian Group

Calian Group Company Profile

(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. The Advanced Technologies segment includes Engineering Solutions and Services; Nuclear and Environmental Services; Satcom; DOCSIS; Electronics Design and Manufacturing and Agricultural Technology.

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