Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Computer Modelling Group Ltd. (TSE:CMG) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$13.39.

A number of equities research analysts have recently weighed in on CMG shares. BMO Capital Markets cut their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. CIBC cut 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, Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th.

Computer Modelling Group Price Performance

CMG opened at C$10.47 on Friday. The stock has a fifty day moving average price of C$10.62 and a 200 day moving average price of C$11.93. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. Computer Modelling Group has a 1 year low of C$8.43 and a 1 year high of C$14.73. The stock has a market cap of C$856.97 million, a price-to-earnings ratio of 37.39, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Buying and Selling

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the firm’s stock in a transaction 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. Insiders have sold 315,210 shares of company stock worth $3,428,366 in the last quarter. 1.03% of the stock is currently 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.