Insider Buying: Calian Group Ltd. (TSE:CGY) Director Buys C$23,475.00 in Stock

Calian Group Ltd. (TSE:CGY) Director George Brian Weber purchased 500 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average price of C$46.95 per share, with a total value of C$23,475.00.

George Brian Weber also recently made the following trade(s):

• On Friday, December 20th, George Brian Weber bought 65 shares of Calian Group stock. The stock was purchased at an average cost of C$53.14 per share, with a total value of C$3,454.10.
• On Friday, September 27th, George Brian Weber purchased 100 shares of Calian Group stock. The shares were purchased at an average cost of C$46.78 per share, for a total transaction of C$4,678.00.

Calian Group Trading Up 2.8 %

TSE:CGY opened at C$48.21 on Friday. Calian Group Ltd. has a 52 week low of C$42.88 and a 52 week high of C$61.24. The company has a debt-to-equity ratio of 39.88, a quick ratio of 1.20 and a current ratio of 1.38. The firm’s fifty day moving average is C$48.66 and its 200-day moving average is C$49.83. The firm has a market cap of C$571.29 million, a P/E ratio of 33.95, a P/E/G 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 Monday, December 23rd. Shareholders of record on Monday, December 23rd were given a dividend of $0.28 per share. The ex-dividend date was Monday, December 9th. This represents a $1.12 dividend on an annualized basis and a yield of 2.32%. Calian Group’s dividend payout ratio (DPR) is currently 78.87%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CGY shares. Acumen Capital dropped their price objective on shares of Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Ventum Financial dropped their price target on shares of Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$72.29.

Calian Group Company Profile

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.