Calian Group Ltd. (TSE:CGY) Director Raymond Gregory Basler Sells 849 Shares

Calian Group Ltd. (TSE:CGY) Director Raymond Gregory Basler sold 849 shares of Calian Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$49.59, for a total value of C$42,101.91.

Calian Group Price Performance

TSE:CGY traded down C$0.49 on Wednesday, reaching C$50.03. The stock had a trading volume of 13,997 shares, compared to its average volume of 14,784. Calian Group Ltd. has a 1-year low of C$42.88 and a 1-year high of C$61.24. The company has a market capitalization of C$592.86 million, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. The company has a quick ratio of 1.20, a current ratio of 1.38 and a debt-to-equity ratio of 39.88. The stock has a fifty day moving average price of C$48.68 and a 200-day moving average price of C$50.75.

Calian Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 23rd 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 2.24%. The ex-dividend date is Monday, December 9th. Calian Group’s dividend payout ratio (DPR) is 78.87%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CGY. Royal Bank of Canada reduced their price objective on Calian Group from C$75.00 to C$65.00 in a research note on Friday, August 9th. Ventum Financial cut their price objective on Calian Group from C$70.00 to C$68.00 in a research report on Wednesday, November 27th. Acumen Capital cut their price target on Calian Group from C$75.00 to C$70.00 in a report on Wednesday, November 27th. Cormark reduced their price target on shares of Calian Group from C$74.00 to C$73.00 in a research report on Friday, August 9th. Finally, CIBC decreased their price objective on shares of 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. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$72.29.

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.