Computer Modelling Group Ltd. (TSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Computer Modelling Group Ltd. (TSE:CMG) has been given a consensus rating of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat Ratings reports. One investment 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 12-month price objective among analysts that have covered the stock in the last year is C$13.39.

A number of research analysts have recently issued reports on the company. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. BMO Capital Markets reduced their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, CIBC decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.61 on Tuesday. 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 12-month low of C$8.43 and a 12-month high of C$14.73. The business’s 50 day moving average is C$11.03 and its two-hundred day moving average is C$12.18. The company has a market capitalization of C$868.43 million, a P/E ratio of 37.89, 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 issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Activity

In other news, Senior Officer Sandra Balic sold 148,110 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Also, Senior Officer Pramod Jain acquired 14,091 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average price of C$10.68 per share, with a total value of C$150,545.43. Insiders sold 290,210 shares of company stock worth $3,162,016 over the last ninety days. Corporate insiders own 1.03% of the company’s stock.

About Computer Modelling Group

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.