Calian Group Ltd. (TSE:CGY) Senior Officer Kevin Lee Ford Buys 415 Shares

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

Calian Group Trading Up 4.9 %

Shares of CGY traded up C$2.20 during mid-day trading on Tuesday, hitting C$47.43. 47,753 shares of the company’s stock traded hands, 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. Calian Group Ltd. has a 1 year low of C$42.88 and a 1 year high of C$61.24. The firm has a market capitalization of C$562.05 million, a P/E ratio of 31.85, a PEG ratio of 2.50 and a beta of 0.89. The business’s 50-day moving average price is C$49.58 and its 200-day moving average price is C$53.90.

Calian Group (TSE:CGY) last released its 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 company had revenue of C$185.00 million during the quarter, compared to analysts’ expectations of C$196.67 million. As a group, sell-side analysts forecast that Calian Group Ltd. will post 4.9457901 EPS for the current fiscal year.

Calian Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on CGY shares. Royal Bank of Canada reduced their price objective on shares of Calian Group from C$75.00 to C$65.00 in a research report on Friday, August 9th. Ventum Cap Mkts upgraded Calian Group to a “strong-buy” rating in a report on Tuesday, July 16th. Cormark lowered their target price on Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Ventum Financial lowered their price target on Calian Group from C$74.00 to C$70.00 in a research report on Friday, August 9th. Finally, CIBC decreased their price objective on Calian Group from C$76.00 to C$63.00 in a report on Friday, August 9th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Calian Group currently 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.