Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern Purchases 2,000 Shares

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was purchased at an average price of C$8.06 per share, for a total transaction of C$16,117.24.

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

• On Monday, March 24th, Alexander Davern purchased 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average price of C$7.86 per share, for a total transaction of C$23,586.42.
• On Friday, March 21st, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The stock was acquired at an average cost of C$7.92 per share, with a total value of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The shares were acquired at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Price Performance

CMG stock opened at C$8.02 on Thursday. Computer Modelling Group Ltd. has a one year low of C$7.04 and a one year high of C$14.73. The firm has a 50-day moving average of C$8.95 and a two-hundred day moving average of C$10.40. The firm has a market capitalization of C$647.09 million, a PE ratio of 26.45, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 65.95%.

Wall Street Analysts Forecast Growth

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