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 Computer Modelling Group stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Price Performance

Shares of CMG opened at C$7.94 on Friday. The company has a market cap of C$640.64 million, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a twelve month low of C$7.04 and a twelve month high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a 50 day moving average of C$9.13 and a two-hundred day moving average of C$10.53.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.52%. Computer Modelling Group’s payout ratio is currently 65.95%.

Analyst Upgrades and Downgrades

CMG has been the topic of a number of recent research reports. Raymond James dropped 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 dropped their price objective 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 note on Wednesday, February 12th. CIBC dropped 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 research note on Wednesday, February 12th. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, BMO Capital Markets dropped 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Computer Modelling Group presently has a consensus rating of “Moderate Buy” and an average 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.