Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.13 Consensus PT from Brokerages

Computer Modelling Group Ltd. (TSE:CMG) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$13.13.

Several brokerages recently commented on CMG. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Ventum Financial cut their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a 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 report on Friday, December 13th. CIBC cut their price target on shares of 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, Raymond James cut their price target on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th.

Insider Activity

In related news, Senior Officer Pramod Jain purchased 14,425 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of C$7.42 per share, with a total value of C$107,011.11. Also, Senior Officer Long X. Nghiem sold 20,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. In the last 90 days, insiders have sold 54,980 shares of company stock worth $538,600. Corporate insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Up 3.1 %

Shares of TSE CMG opened at C$7.64 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 52 week low of C$7.04 and a 52 week high of C$14.73. The firm’s fifty day moving average is C$9.34 and its 200 day moving average is C$10.66. The company has a market cap of C$616.43 million, a price-to-earnings ratio of 25.19, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 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.