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

Computer Modelling Group Ltd. (TSE:CMG) Senior Officer Pramod Jain acquired 14,091 shares of the company’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 Price Performance

Shares of CMG stock opened at C$10.86 on Friday. The firm has a market cap of C$888.89 million, a P/E ratio of 38.79, a P/E/G ratio of 1.97 and a beta of 1.21. The firm has a fifty day moving average of C$11.25 and a two-hundred day moving average of C$12.29. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group Ltd. has a 1-year low of C$8.43 and a 1-year high of C$14.73.

Computer Modelling Group Announces Dividend

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

Analysts Set New Price Targets

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

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.