Analysts Set Computer Modelling Group Ltd. (TSE:CMG) PT at C$13.39

Computer Modelling Group Ltd. (TSE:CMG) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$12.67.

CMG has been the subject of several research analyst reports. Ventum Financial decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. BMO Capital Markets decreased their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Cibc World Mkts downgraded shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. Finally, CIBC decreased their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th.

Computer Modelling Group Price Performance

CMG stock opened at C$8.42 on Wednesday. Computer Modelling Group has a 12-month low of C$8.25 and a 12-month high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The firm has a market cap of C$679.36 million, a price-to-earnings ratio of 27.77, a PEG ratio of 1.97 and a beta of 1.21. The company’s fifty day simple moving average is C$10.38 and its 200 day simple moving average is C$11.41.

Computer Modelling Group Announces Dividend

The company also recently declared 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 yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Insider Buying and Selling

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 57,300 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of C$10.34, for a total transaction of C$592,596.60. Over the last ninety days, insiders have sold 310,210 shares of company stock worth $3,380,366. 1.03% of the stock is owned by insiders.

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.