Insider Buying: Calian Group Ltd. (TSE:CGY) Senior Officer Purchases 415 Shares of Stock

Calian Group Ltd. (TSE:CGY) Senior Officer Kevin Lee Ford purchased 415 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were purchased at an average price of C$47.34 per share, with a total value of C$19,646.10.

Calian Group Trading Up 4.9 %

TSE:CGY traded up C$2.20 during trading hours on Tuesday, reaching C$47.43. 47,753 shares of the stock were exchanged, compared to its average volume of 10,071. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The business has a 50-day moving average of C$49.58 and a two-hundred day moving average of C$53.90. Calian Group Ltd. has a twelve month low of C$42.88 and a twelve month high of C$61.24. The company has a market capitalization of C$562.05 million, a price-to-earnings ratio of 31.85, a PEG ratio of 2.50 and a beta of 0.89.

Calian Group (TSE:CGY) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.89 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 firm had revenue of C$185.00 million for the quarter, compared to analyst estimates of C$196.67 million. On average, equities analysts predict that Calian Group Ltd. will post 4.9457901 EPS for the current year.

Calian Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.36%. The ex-dividend date was Wednesday, August 21st. Calian Group’s payout ratio is currently 78.87%.

Wall Street Analysts Forecast Growth

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