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

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern bought 3,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average price of C$7.86 per share, with a total value of C$23,586.42.

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

• On Friday, March 21st, Alexander Davern purchased 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.92 per share, for a total transaction of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The stock was acquired at an average cost of C$7.68 per share, with a total value of C$23,047.17.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$8.06 on Wednesday. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The stock has a market capitalization of C$650.32 million, a price-to-earnings ratio of 26.58, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a one year low of C$7.04 and a one year high of C$14.73. The company’s 50-day simple moving average is C$9.00 and its 200-day simple moving average is C$10.43.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Analysts Set New Price Targets

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

Computer Modelling Group Company Profile

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.