Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.13

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$13.13.

A number of brokerages recently issued reports on CMG. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Raymond James decreased their price objective 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. CIBC dropped their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Ventum Financial reduced their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th.

Insider Buying and Selling at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total transaction of C$51,750.00. Also, Senior Officer Pramod Jain bought 14,425 shares of Computer Modelling Group stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of C$7.42 per share, with a total value of C$107,011.11. Over the last ninety days, insiders have purchased 32,060 shares of company stock worth $243,597 and have sold 42,080 shares worth $380,800. Corporate insiders own 1.03% of the company’s stock.

Computer Modelling Group Price Performance

TSE CMG opened at C$7.54 on Thursday. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group has a 52-week low of C$7.04 and a 52-week high of C$14.73. The business has a 50 day simple moving average of C$8.62 and a 200 day simple moving average of C$10.20. The stock has a market cap of C$608.36 million, a price-to-earnings ratio of 24.86, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio is 65.95%.

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.