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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$8.90.

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

Computer Modelling Group Stock Up 0.4%

TSE CMG opened at C$5.19 on Thursday. The business has a fifty day moving average price of C$5.21 and a 200 day moving average price of C$6.23. Computer Modelling Group has a one year low of C$4.68 and a one year high of C$10.96. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The company has a market cap of C$429.37 million, a P/E ratio of 20.76, a P/E/G ratio of 1.97 and a beta of -0.35.

Computer Modelling Group Announces Dividend

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