Insider Buying: Calian Group Ltd. (TSE:CGY) Senior Officer Purchases 350 Shares of Stock

Calian Group Ltd. (TSE:CGY) Senior Officer Patrick Belanger Houston bought 350 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of C$46.13 per share, with a total value of C$16,145.50.

Calian Group Price Performance

Calian Group stock opened at C$46.81 on Wednesday. Calian Group Ltd. has a 52-week low of C$42.88 and a 52-week high of C$61.24. The firm has a market capitalization of C$554.70 million, a price-to-earnings ratio of 32.96, a PEG ratio of 2.50 and a beta of 0.89. The company has a fifty day simple moving average of C$48.09 and a 200-day simple moving average of C$53.09. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88.

Calian Group (TSE:CGY) last released its earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a return on equity of 5.17% and a net margin of 2.28%. The business had revenue of C$185.00 million for the quarter, compared to analysts’ expectations of C$196.67 million. On average, equities analysts anticipate that Calian Group Ltd. will post 5.0379198 EPS for the current fiscal year.

Calian Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend was Wednesday, August 21st. Calian Group’s payout ratio is 78.87%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CGY shares. Cormark decreased their target price on shares of Calian Group from C$74.00 to C$73.00 in a research note on Friday, August 9th. Ventum Cap Mkts raised shares of Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Royal Bank of Canada cut their price target on shares of Calian Group from C$75.00 to C$65.00 in a report on Friday, August 9th. Ventum Financial cut their price target on shares of Calian Group from C$74.00 to C$70.00 in a report on Friday, August 9th. Finally, CIBC cut their price target on shares of Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$74.00.

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.