Insider Buying: Calian Group (TSE:CGY) Insider Acquires 699 Shares of Stock

Calian Group Ltd. (TSE:CGY) insider Patrick Belanger Houston acquired 699 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price 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 in the company, valued at C$1,680,578.70. This represents a 3.14% increase in their ownership of the stock.

Calian Group Stock Up 1.6%

TSE CGY traded up C$1.14 during trading hours on Monday, reaching C$74.14. 31,678 shares of the company’s stock were exchanged, compared to its average volume of 42,175. The company’s 50-day moving average is C$80.61 and its two-hundred day moving average is C$78.41. Calian Group Ltd. has a one year low of C$44.89 and a one year high of C$95.50. The company has a debt-to-equity ratio of 54.28, a quick ratio of 1.20 and a current ratio of 1.61. The company has a market capitalization of C$853.50 million, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 2.50 and a beta of 0.96.

Calian Group (TSE:CGY) last announced 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. On average, analysts forecast that Calian Group Ltd. will post 4.9475219 EPS for the current fiscal year.

Calian Group Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on CGY. Canaccord Genuity Group upped their target price on shares of Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. ATB Cormark Capital Markets lifted their price target on Calian Group from C$92.50 to C$98.50 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Stifel Nicolaus set a C$100.00 price target on Calian Group and gave the company a “buy” rating in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce upped their price objective on Calian Group from C$93.00 to C$107.00 in a research report on Friday, August 14th. Finally, Ventum Financial set a C$106.00 price objective on Calian Group and gave the stock a “buy” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$101.72.

Calian Group Company Profile

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.