Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern Acquires 3,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern purchased 3,000 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of C$7.92 per share, for a total transaction of C$23,758.02.

Alexander Davern also recently made the following trade(s):

• On Wednesday, March 19th, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Trading Down 0.5 %

TSE:CMG opened at C$7.90 on Friday. Computer Modelling Group Ltd. has a 12 month low of C$7.04 and a 12 month high of C$14.73. The business’s 50-day moving average is C$9.09 and its two-hundred day moving average is C$10.50. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The firm has a market capitalization of C$637.41 million, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is presently 65.95%.

Analyst Ratings Changes

Several analysts have commented on CMG shares. BMO Capital Markets lowered their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Raymond James lowered their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Ventum Financial reduced their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, CIBC cut their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$13.13.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.