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

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

Calian Group Stock Up 1.6%

Shares of TSE CGY opened at C$75.70 on Wednesday. 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 Ltd. has a 12-month low of C$44.89 and a 12-month high of C$95.50. The firm’s 50-day moving average price is C$80.47 and its 200-day moving average price is C$78.53. The stock has a market capitalization of C$871.46 million, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.50 and a beta of 0.96.

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

Calian Group Dividend Announcement

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

Analyst Upgrades and Downgrades

CGY has been the topic of several recent research reports. Ventum increased their price target on Calian Group from C$94.00 to C$100.00 and gave the company a “buy” rating in a report on Monday, June 15th. Royal Bank Of Canada lifted their price objective on shares of Calian Group from C$90.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Ventum Financial set a C$106.00 price objective on shares of Calian Group and gave the company a “buy” rating in a research report on Thursday, August 27th. Canadian Imperial Bank of Commerce increased their target price on shares of Calian Group from C$93.00 to C$107.00 in a research note on Friday, August 14th. Finally, Canaccord Genuity Group raised 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 report on Monday, June 29th. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Calian Group currently 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.