Insider Buying: Calian Group Ltd. (TSE:CGY) Director Acquires 500 Shares of Stock

Calian Group Ltd. (TSE:CGY) Director George Brian Weber bought 500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average cost of C$46.95 per share, with a total value of C$23,475.00.

George Brian Weber also recently made the following trade(s):

• On Friday, December 20th, George Brian Weber acquired 65 shares of Calian Group stock. The stock was purchased at an average cost of C$53.14 per share, with a total value of C$3,454.10.
• On Friday, September 27th, George Brian Weber bought 100 shares of Calian Group stock. The stock was purchased at an average price of C$46.78 per share, for a total transaction of C$4,678.00.

Calian Group Stock Performance

Shares of CGY stock opened at C$48.21 on Friday. 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 firm has a 50-day moving average of C$48.66 and a 200-day moving average of C$49.83. Calian Group Ltd. has a one year low of C$42.88 and a one year high of C$61.24. The company has a market cap of C$571.29 million, a P/E ratio of 33.95, a P/E/G ratio of 2.50 and a beta of 0.88.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 23rd were paid a $0.28 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.32%. Calian Group’s payout ratio is presently 78.87%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CGY. Ventum Financial decreased their price target on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Acumen Capital decreased their target price on shares of Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Calian Group currently has a consensus rating of “Buy” and an average 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.