Patrick Belanger Houston Sells 1,469 Shares of Calian Group Ltd. (TSE:CGY) Stock

Calian Group Ltd. (TSE:CGY) Senior Officer Patrick Belanger Houston sold 1,469 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$47.69, for a total transaction of C$70,056.61.

Patrick Belanger Houston also recently made the following trade(s):

• On Monday, September 30th, Patrick Belanger Houston purchased 350 shares of Calian Group stock. The stock was acquired at an average cost of C$46.13 per share, with a total value of C$16,145.50.

Calian Group Stock Down 0.6 %

CGY stock traded down C$0.30 during midday trading on Friday, hitting C$47.20. The stock had a trading volume of 7,011 shares, compared to its average volume of 15,034. The firm has a market cap of C$559.32 million, a price-to-earnings ratio of 33.45, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The business has a 50-day moving average of C$49.02 and a two-hundred day moving average of C$50.37. Calian Group Ltd. has a 52-week low of C$42.88 and a 52-week high of C$61.24. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20.

Calian Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, December 9th. Calian Group’s dividend payout ratio is 78.87%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CGY. Ventum Financial lowered their price objective on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital lowered their price objective on shares of Calian Group from C$75.00 to C$70.00 in a research note on Wednesday, November 27th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$72.29.

About Calian Group

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.