Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$8.90

Computer Modelling Group Ltd. (TSE:CMG) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$8.90.

Several research firms have recently commented on CMG. CIBC reduced their price target on shares of Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. National Bankshares set a C$6.00 price objective on shares of Computer Modelling Group and gave the stock a “sector perform” rating in a research note on Thursday, December 18th. Ventum Financial raised Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th. Finally, BMO Capital Markets cut their price target on Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday, November 12th.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$5.23 on Monday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The stock’s fifty day moving average price is C$5.15 and its 200-day moving average price is C$6.06. The firm has a market cap of C$432.68 million, a P/E ratio of 20.92, a P/E/G ratio of 1.97 and a beta of -0.44. Computer Modelling Group has a 12 month low of C$4.68 and a 12 month high of C$10.96.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a $0.01 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. Computer Modelling Group’s payout ratio is currently 64.00%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.