Insider Buying: Calian Group Ltd. (TSE:CGY) Director Buys 500 Shares of Stock

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

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

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

Calian Group Price Performance

CGY stock traded up C$1.33 during trading on Tuesday, hitting C$48.21. The stock had a trading volume of 21,847 shares, compared to its average volume of 15,311. Calian Group Ltd. has a twelve month low of C$42.88 and a twelve month high of C$61.24. The company’s 50-day moving average price is C$48.76 and its two-hundred day moving average price is C$49.93. The company has a debt-to-equity ratio of 39.88, a current ratio of 1.38 and a quick ratio of 1.20. The stock has a market capitalization of C$571.29 million, a P/E ratio of 33.95, a PEG ratio of 2.50 and a beta of 0.88.

Calian Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 23rd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, December 9th. Calian Group’s payout ratio is 78.87%.

Analyst Upgrades and Downgrades

Several research firms have commented on CGY. Acumen Capital lowered their price objective on Calian Group from C$75.00 to C$70.00 in a research report on Wednesday, November 27th. Ventum Financial cut their price target on Calian Group from C$70.00 to C$68.00 in a research note on Wednesday, November 27th. Six research 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, the stock has an average 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.