Alexander Davern Buys 3,000 Shares of Computer Modelling Group Ltd. (TSE:CMG) Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern bought 3,000 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased at an average price 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 stock was purchased at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Performance

Shares of TSE:CMG opened at C$7.90 on Friday. The company’s 50 day simple moving average is C$9.09 and its 200 day simple 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. Computer Modelling Group Ltd. has a 1 year low of C$7.04 and a 1 year high of C$14.73. The stock has a market capitalization of C$637.41 million, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CMG. 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 cut their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. CIBC lowered their target price 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. BMO Capital Markets cut their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, Raymond James lowered their price objective on 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. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.