Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.50

Computer Modelling Group Ltd. (TSE:CMG) has been given an average rating of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$13.50.

A number of brokerages have recently weighed in on CMG. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Acumen Capital increased their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Finally, CIBC cut their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th.

Insider Activity

In related news, Senior Officer Long X. Nghiem sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 28th. The stock was sold at an average price of C$10.41, for a total transaction of C$104,100.00. Insiders have sold a total of 85,900 shares of company stock valued at $886,417 over the last 90 days. 1.03% of the stock is currently owned by company insiders.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.26 on Friday. The company has a market capitalization of C$839.78 million, a price-to-earnings ratio of 36.64, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The stock’s fifty day simple moving average is C$11.36 and its 200-day simple moving average is C$12.30.

Computer Modelling Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Computer Modelling Group’s payout ratio is currently 71.43%.

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.