Calian Group (TSE:CGY) Insider Patrick Belanger Houston Acquires 699 Shares of Stock

Calian Group Ltd. (TSE:CGY) insider Patrick Belanger Houston bought 699 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of C$73.18 per share, with a total value of C$51,152.82. Following the purchase, 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

CGY stock opened at C$74.52 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.61 and a debt-to-equity ratio of 54.28. The firm has a market cap of C$857.87 million, a price-to-earnings ratio of 22.58, a PEG ratio of 2.50 and a beta of 0.96. The company’s fifty day simple moving average is C$80.57 and its 200 day simple moving average is C$78.46. Calian Group Ltd. has a 12-month low of C$44.89 and a 12-month high of C$95.50.

Calian Group (TSE:CGY) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$1.10 earnings per share for the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%.The firm had revenue of C$230.40 million during the quarter. On average, analysts expect that Calian Group Ltd. will post 4.9475219 earnings per share for the current year.

Calian Group Dividend Announcement

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

Analysts Set New Price Targets

CGY has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on Calian Group from C$90.00 to C$105.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group raised their price target on shares of Calian Group from C$103.00 to C$105.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Desjardins raised their price target on shares of Calian Group from C$104.00 to C$109.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Nine analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of C$101.72.

About Calian Group

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.