Computer Modelling Group Ltd. (TSE:CMG) Receives C$8.90 Consensus Target Price from Analysts

Computer Modelling Group Ltd. (TSE:CMG) has earned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$8.90.

CMG has been the topic of several analyst reports. BMO Capital Markets lowered their target price on Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. CIBC lowered their price target on Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. National Bankshares set a C$6.00 target price on shares of Computer Modelling Group and gave the company a “sector perform” rating in a report on Thursday, December 18th. Finally, Ventum Cap Mkts upgraded Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th.

Computer Modelling Group Stock Down 0.2%

Shares of TSE:CMG opened at C$5.16 on Thursday. Computer Modelling Group has a 1-year low of C$4.68 and a 1-year high of C$10.96. The stock has a market cap of C$426.89 million, a P/E ratio of 20.64, a P/E/G ratio of 1.97 and a beta of -0.35. The firm has a fifty day moving average price of C$5.23 and a 200 day moving average price of C$6.26. 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 company 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. This represents a $0.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, December 5th. Computer Modelling Group’s payout ratio is presently 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.