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

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

Calian Group Price Performance

Shares of Calian Group stock opened at C$84.85 on Tuesday. The stock has a market capitalization of C$968.22 million, a price-to-earnings ratio of 29.77, a P/E/G ratio of 2.50 and a beta of 0.92. The firm’s 50-day moving average price is C$74.18 and its two-hundred day moving average price is C$66.32. The company has a current ratio of 1.51, a quick ratio of 1.20 and a debt-to-equity ratio of 63.54. Calian Group Ltd. has a 1-year low of C$37.70 and a 1-year high of C$85.31.

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

Calian Group Dividend Announcement

The firm also recently declared 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Calian Group’s payout ratio is currently 39.30%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CGY shares. Canaccord Genuity Group raised their price objective on shares of Calian Group from C$63.00 to C$80.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce increased their price target on shares of Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Stifel Nicolaus set a C$100.00 price target on shares of Calian Group and gave the company a “buy” rating in a report on Wednesday, May 20th. Royal Bank Of Canada boosted their price objective on shares of Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Ventum Financial upped their price objective on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.