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

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was acquired at an average cost 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 bought 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 purchased 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 Trading Up 1.4 %

Shares of TSE CMG traded up C$0.11 during mid-day trading on Monday, hitting C$8.01. 38,134 shares of the company traded hands, compared to its average volume of 220,005. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. 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$646.28 million, a price-to-earnings ratio of 26.41, a PEG ratio of 1.97 and a beta of 1.21. The business has a 50 day moving average of C$9.09 and a two-hundred day moving average of C$10.50.

Computer Modelling Group Dividend Announcement

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. This represents a $0.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Wall Street Analysts Forecast Growth

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