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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$13.13.

A number of brokerages have weighed in on CMG. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Ventum Financial reduced their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. BMO Capital Markets dropped their price target on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, Raymond James reduced their target price 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.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 30,500 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of C$11.08, for a total value of C$337,940.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total value of C$51,750.00. Insiders have sold a total of 85,480 shares of company stock valued at $876,540 in the last 90 days. 1.03% of the stock is currently owned by corporate insiders.

Computer Modelling Group Stock Performance

CMG opened at C$7.77 on Friday. Computer Modelling Group has a 1-year low of C$7.66 and a 1-year high of C$14.73. The company has a market capitalization of C$626.92 million, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business has a 50 day moving average price of C$9.66 and a two-hundred day moving average price of C$10.86. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.57%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

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.