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 rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$13.39.

Several analysts have issued reports on the stock. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. CIBC decreased 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. Finally, BMO Capital Markets decreased their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Also, Senior Officer Sandra Balic sold 148,110 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total value of C$1,645,724.27. Insiders sold a total of 325,210 shares of company stock valued at $3,533,366 over the last 90 days. 1.03% of the stock is owned by company insiders.

Computer Modelling Group Trading Down 2.7 %

Shares of CMG stock opened at C$10.60 on Wednesday. The stock has a market cap of C$867.61 million, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. Computer Modelling Group has a fifty-two week low of C$8.67 and a fifty-two week high of C$14.73. The firm’s 50 day moving average price is C$10.56 and its two-hundred day moving average price is C$11.56.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. On average, analysts anticipate that Computer Modelling Group will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 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.