Computer Modelling Group Ltd. (TSE:CMG) Director Buys C$16,117.24 in Stock

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were purchased at an average cost of C$8.06 per share, for a total transaction of C$16,117.24.

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

• On Monday, March 24th, Alexander Davern acquired 3,000 shares of Computer Modelling Group stock. The shares were purchased at an average cost of C$7.86 per share, with a total value of C$23,586.42.
• On Friday, March 21st, Alexander Davern bought 3,000 shares of Computer Modelling Group stock. The stock was purchased 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 shares were purchased at an average cost of C$7.68 per share, with a total value of C$23,047.17.

Computer Modelling Group Price Performance

CMG stock opened at C$7.98 on Friday. The stock has a market capitalization of C$643.86 million, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock’s fifty day simple moving average is C$8.91 and its 200-day simple moving average is C$10.37. Computer Modelling Group Ltd. has a 52-week low of C$7.04 and a 52-week 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.

Computer Modelling Group Dividend Announcement

The firm also recently declared 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 yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is 65.95%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. 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 for the company in a research note on Wednesday, February 12th. Ventum Financial reduced their target price on 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 target on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. Finally, BMO Capital Markets cut their price target 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 issued a buy rating to the company’s stock. According to MarketBeat.com, Computer Modelling Group 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.