Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.13 Average Target Price from Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$13.13.

A number of brokerages have recently commented on CMG. Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. Ventum Financial cut their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday, February 12th. Finally, Raymond James cut their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th.

Computer Modelling Group Stock Up 0.9 %

CMG stock opened at C$7.95 on Monday. The company’s 50 day simple moving average is C$7.69 and its 200-day simple moving average is C$9.66. The firm has a market capitalization of C$641.44 million, a PE ratio of 26.22, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 12 month low of C$6.71 and a 12 month high of C$14.73. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Insiders Place Their Bets

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of C$8.50, for a total value of C$42,500.00. Also, Senior Officer Pramod Jain bought 14,425 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of C$7.42 per share, for a total transaction of C$107,011.11. Over the last three months, insiders have acquired 32,060 shares of company stock worth $243,597 and have sold 27,080 shares worth $224,050. 1.03% of the stock is owned by company 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.