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

Computer Modelling Group Ltd. (TSE:CMG) Director Alexander Davern acquired 3,000 shares of Computer Modelling Group stock in a transaction that occurred on Monday, March 24th. The shares were purchased 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 purchased 3,000 shares of Computer Modelling Group stock. The stock was purchased at an average price of C$7.92 per share, with a total value of C$23,758.02.
• On Wednesday, March 19th, Alexander Davern acquired 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 Up 0.8 %

CMG opened at C$8.06 on Wednesday. Computer Modelling Group Ltd. has a 12 month low of C$7.04 and a 12 month high of C$14.73. The business has a 50-day moving average of C$9.00 and a two-hundred day moving average of C$10.43. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The stock has a market capitalization of C$650.32 million, a price-to-earnings ratio of 26.58, a price-to-earnings-growth 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. Investors of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.48%. 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 analysts have recently commented on CMG shares. CIBC lowered their price target 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. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Ventum Financial cut their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. BMO Capital Markets reduced their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Raymond James cut their target price 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.