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

Calian Group Ltd. (TSE:CGY) insider Patrick Belanger Houston acquired 699 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was bought at an average price of C$73.18 per share, with a total value 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%

Shares of TSE:CGY traded up C$1.14 during midday trading on Monday, reaching C$74.14. The company had a trading volume of 31,678 shares, compared to its average volume of 42,175. 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 business’s 50 day moving average price is C$80.61 and its 200 day moving average price is C$78.41. The stock has a market cap of C$853.50 million, a PE ratio of 22.47, a P/E/G ratio of 2.50 and a beta of 0.96. Calian Group Ltd. has a 1-year low of C$44.89 and a 1-year 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 EPS for the quarter. The firm had revenue of C$230.40 million during the quarter. Calian Group had a return on equity of 11.67% and a net margin of 4.41%. Research 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. Stockholders of record on Wednesday, September 9th will be paid a dividend of $0.28 per share. 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 dividend payout ratio is currently 33.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. ATB Cormark Capital Markets raised their target price on shares of 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. Desjardins upped 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 research report on Friday, August 14th. Ventum Financial set a C$106.00 price target on shares of Calian Group and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus set a C$100.00 price objective on shares of Calian Group and gave the company a “buy” rating in a research report on Wednesday, May 20th. Finally, Ventum boosted their price objective on shares of Calian Group from C$94.00 to C$100.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus 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.