Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.39

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$13.39.

CMG has been the subject of a number of recent research reports. CIBC dropped their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets cut their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th.

Computer Modelling Group Price Performance

CMG stock opened at C$10.53 on Tuesday. The firm has a 50 day simple moving average of C$11.11 and a two-hundred day simple moving average of C$12.23. Computer Modelling Group has a one year low of C$8.43 and a one year high of C$14.73. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market cap of C$861.88 million, a PE ratio of 37.61, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s payout ratio is 71.43%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Pramod Jain purchased 14,091 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of C$10.68 per share, with a total value of C$150,545.43. Also, Senior Officer Long X. Nghiem sold 15,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of C$10.20, for a total transaction of C$153,000.00. Insiders have sold 290,210 shares of company stock worth $3,162,016 over the last 90 days. 1.03% of the stock is owned by company insiders.

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.