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 company’s stock in a transaction dated Monday, March 24th. The shares were bought 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 Wednesday, March 26th, Alexander Davern purchased 2,000 shares of Computer Modelling Group stock. The shares were purchased at an average price of C$8.06 per share, for a total transaction of C$16,117.24.
• On Friday, March 21st, Alexander Davern acquired 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 shares were purchased at an average cost of C$7.68 per share, for a total transaction of C$23,047.17.

Computer Modelling Group Stock Performance

Shares of TSE:CMG opened at C$8.02 on Thursday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a 50-day moving average price of C$8.95 and a 200-day moving average price of C$10.40. The company has a market cap of C$647.09 million, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group Ltd. has a 12 month low of C$7.04 and a 12 month high of C$14.73.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Ventum Financial reduced their target price on shares of 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. BMO Capital Markets lowered their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. CIBC reduced 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 research note on Wednesday, February 12th. Finally, Raymond James lowered their target price on 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 given a buy rating to the company. According to MarketBeat, the stock has an average 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.