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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$13.39.

Several equities research analysts recently weighed in on CMG shares. CIBC reduced their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. BMO Capital Markets dropped their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Pramod Jain acquired 14,091 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of C$10.68 per share, for a total transaction of C$150,545.43. Also, Senior Officer Long X. Nghiem sold 15,000 shares of Computer Modelling Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total transaction of C$153,000.00. Insiders have sold 290,210 shares of company stock worth $3,162,016 in the last 90 days. 1.03% of the stock is currently owned by insiders.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.51 on Tuesday. The company has a market capitalization of C$860.24 million, a price-to-earnings ratio of 37.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. Computer Modelling Group has a one year low of C$8.43 and a one year high of C$14.73. The company’s 50-day moving average is C$11.05 and its 200 day moving average is C$12.19.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.90%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Computer Modelling Group Company Profile

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.