Kevin Lee Ford Acquires 415 Shares of Calian Group Ltd. (TSE:CGY) Stock

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

Calian Group Price Performance

Shares of CGY opened at C$47.75 on Thursday. The firm has a 50-day simple moving average of C$49.34 and a 200-day simple moving average of C$53.78. 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 company has a market capitalization of C$565.84 million, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89. Calian Group Ltd. has a fifty-two week low of C$42.88 and a fifty-two week high of C$61.24.

Calian Group (TSE:CGY) last released its earnings results on Wednesday, August 7th. The company reported C$0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.04). Calian Group had a net margin of 2.28% and a return on equity of 5.17%. The company had revenue of C$185.00 million during the quarter, compared to analyst estimates of C$196.67 million. On average, equities research analysts anticipate that Calian Group Ltd. will post 4.9457901 earnings per share for the current year.

Calian Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Wednesday, August 21st were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Wednesday, August 21st. Calian Group’s dividend payout ratio is presently 78.87%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on CGY shares. Ventum Financial lowered their target price on shares of Calian Group from C$74.00 to C$70.00 in a research note on Friday, August 9th. Ventum Cap Mkts raised Calian Group to a “strong-buy” rating in a research report on Tuesday, July 16th. Royal Bank of Canada decreased their target price on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Cormark decreased their price objective on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Finally, CIBC lowered their price objective on Calian Group from C$76.00 to C$63.00 in a research report on Friday, August 9th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$74.00.

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.