Insider Buying: Calian Group Ltd. (TSE:CGY) Director Buys 1,700 Shares of Stock

Calian Group Ltd. (TSE:CGY) Director Valerie Sorbie bought 1,700 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was bought at an average price of C$48.27 per share, with a total value of C$82,059.00.

Calian Group Trading Down 0.7 %

CGY stock traded down C$0.32 during mid-day trading on Friday, reaching C$47.89. The company had a trading volume of 17,105 shares, compared to its average volume of 15,319. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The company has a market capitalization of C$567.50 million, a PE ratio of 33.73, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The firm has a 50 day moving average of C$48.55 and a 200 day moving average of C$49.77. Calian Group Ltd. has a 12 month low of C$42.88 and a 12 month high of C$61.24.

Calian Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 23rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Monday, December 9th. Calian Group’s dividend payout ratio (DPR) is presently 78.87%.

Analysts Set New Price Targets

CGY has been the subject of a number of analyst reports. Acumen Capital lowered their price target on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial lowered their target price on shares of Calian Group from C$70.00 to C$68.00 in a report 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. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.