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

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 3,000 shares of the company’s stock in a transaction on Wednesday, March 19th. 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 Price Performance

TSE:CMG opened at C$7.95 on Thursday. The firm has a market cap of C$641.44 million, a price-to-earnings ratio of 26.22, a price-to-earnings-growth 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. The company’s 50-day moving average is C$9.18 and its two-hundred day moving average is C$10.56. Computer Modelling Group Ltd. has a 12-month low of C$7.04 and a 12-month high of C$14.73.

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 issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.52%. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Wall Street Analyst Weigh In

Several brokerages have 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 note on Wednesday, February 12th. Ventum Financial decreased their target price on shares of 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. BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. CIBC decreased 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 research report on Wednesday, February 12th. Finally, Raymond James decreased their target price 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 report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.