Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.39

Computer Modelling Group Ltd. (TSE:CMG) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$13.39.

A number of equities analysts recently weighed in on the stock. CIBC lowered their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. BMO Capital Markets dropped their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th.

Computer Modelling Group Trading Up 1.0 %

Shares of CMG stock opened at C$10.61 on Tuesday. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The firm has a market cap of C$868.43 million, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a 50-day moving average of C$11.03 and a two-hundred day moving average of C$12.18. 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 Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Pramod Jain acquired 14,091 shares of the 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. Also, Senior Officer Long X. Nghiem sold 15,000 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. Insiders have sold a total of 290,210 shares of company stock valued at $3,162,016 over the last 90 days. 1.03% of the stock is owned by corporate 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.