Calian Group Ltd. (TSE:CGY) Director Buys C$11,004.00 in Stock

Calian Group Ltd. (TSE:CGY) Director Ronald Richardson acquired 240 shares of the stock in a transaction dated Wednesday, June 11th. The stock was bought at an average price of C$45.85 per share, with a total value of C$11,004.00.

Calian Group Stock Performance

CGY opened at C$47.22 on Friday. Calian Group Ltd. has a 1-year low of C$37.70 and a 1-year high of C$57.00. The company has a market cap of C$560.55 million, a price-to-earnings ratio of 50.56, a PEG ratio of 2.50 and a beta of 0.88. The company’s fifty day moving average price is C$43.90 and its two-hundred day moving average price is C$45.57. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 39.54.

Calian Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, May 27th. Calian Group’s payout ratio is presently 119.93%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CGY. Desjardins reduced their price target on shares of Calian Group from C$82.00 to C$61.00 and set a “buy” rating for the company in a report on Thursday, May 22nd. Canaccord Genuity Group cut their price objective on shares of Calian Group from C$75.00 to C$60.00 and set a “buy” rating on the stock in a research report on Thursday, May 22nd. Ventum Financial set a C$60.00 target price on Calian Group and gave the company a “buy” rating in a research note on Wednesday. CIBC dropped their price target on Calian Group from C$63.00 to C$62.00 in a research note on Friday, February 14th. Finally, Royal Bank of Canada cut their price target on Calian Group from C$60.00 to C$58.00 and set an “outperform” rating on the stock in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$63.43.

Calian Group Company Profile

Calian Group Ltd operates through four segments namely Advanced Technologies, Health, Learning, and Information Technology. It generates maximum revenue from the Health segment. The company serves health, defence, security, aerospace, engineering, AgTech, and IT industries. Its Health segment includes Clinical Services; Nursing Services; Psychological Services and Medical Property Management.