Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain Purchases 14,091 Shares

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain purchased 14,091 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of C$10.68 per share, with a total value of C$150,545.43.

Computer Modelling Group Stock Down 0.3 %

Computer Modelling Group stock opened at C$10.86 on Friday. Computer Modelling Group Ltd. has a 52 week low of C$8.43 and a 52 week high of C$14.73. The stock has a market cap of C$888.89 million, a price-to-earnings ratio of 38.79, a PEG ratio of 1.97 and a beta of 1.21. The company’s 50-day moving average price is C$11.25 and its two-hundred day moving average price is C$12.29. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s payout ratio is currently 71.43%.

Analyst Upgrades and Downgrades

CMG has been the subject of a number of research reports. Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. CIBC lowered their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets cut their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$13.39.

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.