Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.13 Consensus Price Target from Brokerages

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$13.13.

CMG has been the subject of a number of recent analyst reports. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Raymond James reduced 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 report on Wednesday, February 12th. Ventum Financial reduced their target price 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 dropped their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th.

Computer Modelling Group Stock Up 0.1 %

CMG stock opened at C$7.41 on Friday. 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 firm has a market capitalization of C$597.87 million, a PE ratio of 24.43, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a twelve month low of C$7.04 and a twelve month high of C$14.73. The stock has a 50-day simple moving average of C$9.47 and a two-hundred day simple moving average of C$10.74.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a $0.05 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.70%. Computer Modelling Group’s payout ratio is 65.95%.

Insider Buying and Selling

In related news, Senior Officer Long X. Nghiem sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50. Insiders sold 54,980 shares of company stock worth $538,600 in the last quarter. 1.03% of the stock is owned by insiders.

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.