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 stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of C$80.91, for a total value of C$520,413.12. Following the completion of the sale, the insider owned 22,266 shares in the company, valued at C$1,801,542.06. This trade represents a 22.41% decrease in their position.

Calian Group Price Performance

CGY traded up C$0.26 during trading on Friday, reaching C$83.44. The stock had a trading volume of 22,773 shares, compared to its average volume of 46,330. The stock has a market cap of C$952.13 million, a PE ratio of 29.28, a PEG ratio of 2.50 and a beta of 0.92. The company has a debt-to-equity ratio of 63.54, a quick ratio of 1.20 and a current ratio of 1.51. Calian Group Ltd. has a one year low of C$37.70 and a one year high of C$85.16. The business has a 50-day moving average of C$74.06 and a 200-day moving average of C$65.98.

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

Calian Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.28 per share. 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 dividend payout ratio (DPR) is 39.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce raised their price objective on Calian Group from C$76.00 to C$90.00 in a research note on Friday, May 15th. Royal Bank Of Canada raised their target price on Calian Group from C$78.00 to C$90.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. ATB Cormark Capital Markets raised their target price on Calian Group from C$92.50 to C$98.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 19th. Ventum Financial raised their target price on Calian Group from C$84.00 to C$94.00 and gave the stock a “buy” rating in a research note on Tuesday, March 10th. Finally, Stifel Nicolaus set a C$100.00 target price on Calian Group and gave the stock a “buy” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company 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.