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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$13.50.

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

Insider Buying and Selling

In related news, Senior Officer Long X. Nghiem sold 57,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$10.34, for a total value of C$592,596.60. Over the last ninety days, insiders have sold 75,900 shares of company stock worth $782,317. 1.03% of the stock is owned by company insiders.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$10.28 on Friday. The company has a market capitalization of C$841.42 million, a PE ratio of 36.71, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73. The company has a 50-day simple moving average of C$11.42 and a 200-day simple moving average of C$12.31. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

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.