Insider Buying: Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Buys 2,000 Shares of Stock

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Hermanus Jacobus Nieuwoudt bought 2,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of C$7.24 per share, with a total value of C$14,486.40.

Computer Modelling Group Trading Up 0.8 %

TSE CMG opened at C$7.40 on Thursday. The stock’s 50-day simple moving average is C$9.53 and its two-hundred day simple moving average is C$10.78. Computer Modelling Group Ltd. has a twelve month low of C$7.17 and a twelve month 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. The company has a market capitalization of C$597.07 million, a price-to-earnings ratio of 24.40, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be issued a $0.05 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.20 annualized dividend and a dividend yield of 2.70%. Computer Modelling Group’s dividend payout ratio is currently 65.95%.

Analysts Set New Price Targets

A number of research firms have recently commented on CMG. Ventum Financial lowered 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 lowered their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, Raymond James reduced their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.