Calian Group Ltd. (TSE:CGY) Director Acquires C$11,004.00 in Stock

Calian Group Ltd. (TSE:CGY) Director Ronald Richardson purchased 240 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was bought at an average cost of C$45.85 per share, with a total value of C$11,004.00.

Calian Group Price Performance

Shares of TSE CGY opened at C$47.22 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54. The stock has a fifty day simple moving average of C$43.90 and a two-hundred day simple moving average of C$45.57. Calian Group Ltd. has a 1-year low of C$37.70 and a 1-year high of C$57.00. The firm has a market cap of C$560.55 million, a price-to-earnings ratio of 50.56, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 27th. This represents a $1.12 annualized dividend and a dividend yield of 2.37%. Calian Group’s payout ratio is 119.93%.

Analyst Ratings Changes

A number of research firms have issued reports on CGY. Ventum Financial set a C$60.00 price objective on shares of Calian Group and gave the stock a “buy” rating in a report on Wednesday. CIBC cut their price objective on Calian Group from C$63.00 to C$62.00 in a research report on Friday, February 14th. Desjardins decreased their target price on Calian Group from C$82.00 to C$61.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Royal Bank of Canada cut their price target on shares of Calian Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group reduced their price target on shares of Calian Group from C$75.00 to C$60.00 and set a “buy” rating for the company in a research report on Thursday, May 22nd. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Calian Group presently has a consensus rating of “Buy” and an average price target of C$63.43.

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.