Computer Modelling Group Ltd. (TSE:CMG) Given Consensus Rating of “Moderate Buy” by Brokerages

Computer Modelling Group Ltd. (TSE:CMG) has earned an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$13.39.

Several analysts have commented on the stock. BMO Capital Markets decreased 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. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, CIBC lowered their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Pramod Jain acquired 14,091 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of C$10.68 per share, with a total value of C$150,545.43. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. Insiders sold a total of 290,210 shares of company stock worth $3,162,016 over the last three months. 1.03% of the stock is owned by insiders.

Computer Modelling Group Trading Down 0.2 %

Computer Modelling Group stock opened at C$10.51 on Tuesday. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The firm’s 50 day moving average price is C$11.05 and its 200-day moving average price is C$12.19. Computer Modelling Group has a 1 year low of C$8.43 and a 1 year high of C$14.73. The stock has a market cap of C$860.24 million, a P/E ratio of 37.54, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

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.