Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.50 Average PT from Analysts

Computer Modelling Group Ltd. (TSE:CMG) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$13.50.

CMG has been the topic of a number of analyst reports. Acumen Capital upped their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. CIBC dropped their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th.

Computer Modelling Group Trading Down 0.2 %

Shares of Computer Modelling Group stock opened at C$10.26 on Friday. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73. The firm has a market capitalization of C$839.78 million, a PE ratio of 36.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. 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 company’s fifty day moving average price is C$11.36 and its two-hundred day moving average price is C$12.30.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Activity

In related news, Senior Officer Long X. Nghiem sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. Over the last ninety days, insiders sold 85,900 shares of company stock worth $886,417. 1.03% of the stock is owned by corporate insiders.

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.