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

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 3,000 shares of the business’s stock in a transaction dated Friday, March 21st. The stock was acquired at an average price of C$7.92 per share, with a total value of C$23,758.02.

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

• 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, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Down 0.4 %

TSE CMG traded down C$0.03 during trading hours on Friday, hitting C$7.91. 71,597 shares of the company were exchanged, compared to its average volume of 221,807. The company has a 50 day moving average of C$9.13 and a two-hundred day moving average of C$10.53. 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 52-week low of C$7.04 and a 52-week high of C$14.73. The firm has a market cap of C$638.22 million, a price-to-earnings ratio of 26.08, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 2.53%. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Wall Street Analyst Weigh In

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