Calian Group Ltd. (TSE:CGY) Director Raymond Gregory Basler Sells 4,000 Shares

Calian Group Ltd. (TSE:CGYGet Free Report) Director Raymond Gregory Basler sold 4,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of C$56.20, for a total transaction of C$224,800.00.

Calian Group Stock Up 0.2 %

CGY stock opened at C$56.25 on Friday. Calian Group Ltd. has a 12 month low of C$46.27 and a 12 month high of C$64.88. The firm has a market cap of C$666.56 million, a PE ratio of 33.09, a P/E/G ratio of 2.50 and a beta of 0.93. The firm has a 50 day simple moving average of C$55.69 and a 200 day simple moving average of C$56.68. The company has a debt-to-equity ratio of 32.06, a current ratio of 1.30 and a quick ratio of 1.20.

Calian Group (TSE:CGYGet Free Report) last released its earnings results on Tuesday, May 14th. The company reported C$1.05 EPS for the quarter, missing the consensus estimate of C$1.29 by C($0.24). Calian Group had a net margin of 2.80% and a return on equity of 6.22%. The business had revenue of C$201.27 million for the quarter, compared to analyst estimates of C$194.97 million. Equities research analysts forecast that Calian Group Ltd. will post 4.6162117 earnings per share for the current fiscal year.

Calian Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.99%. Calian Group’s dividend payout ratio is currently 65.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CGY. Desjardins upped their price target on shares of Calian Group from C$86.00 to C$87.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Acumen Capital upped their price target on shares of Calian Group from C$78.00 to C$80.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Canaccord Genuity Group upped their price target on shares of Calian Group from C$75.00 to C$80.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Cormark upped their price target on shares of Calian Group from C$73.00 to C$74.00 in a research note on Friday, May 17th. Finally, Royal Bank of Canada increased their target price on shares of Calian Group from C$72.00 to C$75.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$78.14.

Read Our Latest Report on Calian Group

Calian Group Company Profile

(Get Free Report)

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.

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