Computer Modelling Group Ltd. (TSE:CMG) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$13.39.

A number of analysts have commented on CMG shares. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC dropped their target price on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Finally, BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 15,000 shares of Computer Modelling Group 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. Also, Senior Officer Sandra Balic sold 148,110 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Insiders have sold 315,210 shares of company stock valued at $3,428,366 over the last three months. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.47 on Friday. The firm has a market capitalization of C$856.97 million, a price-to-earnings ratio of 37.39, 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. Computer Modelling Group has a 12-month low of C$8.43 and a 12-month high of C$14.73. The business has a 50 day simple moving average of C$10.62 and a 200 day simple moving average of C$11.93.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s payout ratio is 71.43%.

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.