Calian Group (TSE:CGY) Insider Patrick Belanger Houston Sells 6,432 Shares

Calian Group Ltd. (TSE:CGY) insider Patrick Belanger Houston sold 6,432 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total transaction of C$520,413.12. Following the completion of the sale, the insider owned 22,266 shares of the company’s stock, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their ownership of the stock.

Calian Group Stock Up 0.3%

Shares of CGY stock traded up C$0.26 during trading hours on Friday, hitting C$83.44. 22,773 shares of the company’s stock traded hands, compared to its average volume of 46,330. The stock’s fifty day simple moving average is C$74.06 and its two-hundred day simple moving average is C$65.98. Calian Group Ltd. has a 12-month low of C$37.70 and a 12-month high of C$85.16. The stock has a market cap of C$952.13 million, a price-to-earnings ratio of 29.28, a PEG ratio of 2.50 and a beta of 0.92. The company has a quick ratio of 1.20, a current ratio of 1.51 and a debt-to-equity ratio of 63.54.

Calian Group (TSE:CGY) last released its earnings results on Thursday, May 14th. The company reported C$1.30 earnings per share (EPS) for the quarter. Calian Group had a net margin of 3.97% and a return on equity of 10.35%. The firm had revenue of C$228.70 million during the quarter. On average, analysts expect that Calian Group Ltd. will post 4.9475219 EPS for the current year.

Calian Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, June 10th will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, May 27th. Calian Group’s payout ratio is presently 39.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Acumen Capital boosted their price objective on shares of Calian Group from C$70.00 to C$85.00 and gave the stock a “buy” rating in a report on Friday, February 13th. ATB Cormark Capital Markets boosted their price objective on shares of Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Canaccord Genuity Group boosted their price objective on shares of Calian Group from C$63.00 to C$80.00 in a report on Friday, February 13th. Ventum Financial boosted their price objective on shares of Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, Stifel Nicolaus set a C$100.00 target price on shares of Calian Group and gave the stock a “buy” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$87.94.

Calian Group Company Profile

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.