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

Computer Modelling Group Ltd. (TSE:CMG) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$9.58.

Several research firms recently weighed in on CMG. Canaccord Genuity Group lifted their price target on Computer Modelling Group from C$10.00 to C$10.50 and gave the stock a “hold” rating in a report on Tuesday, November 14th. Industrial Alliance Securities set a C$9.50 price objective on Computer Modelling Group and gave the company a “buy” rating in a report on Thursday, August 31st. Barclays reduced their price objective on Computer Modelling Group from C$9.00 to C$8.00 and set an “underweight” rating for the company in a report on Monday. Echelon Wealth Partners restated a “buy” rating on shares of Computer Modelling Group in a research report on Tuesday, November 14th. Finally, Acumen Capital increased their target price on Computer Modelling Group from C$11.00 to C$11.50 and gave the stock a “buy” rating in a research report on Tuesday, September 26th.

Computer Modelling Group Stock Performance

TSE:CMG traded down C$0.12 during mid-day trading on Monday, hitting C$9.88. 123,973 shares of the stock were exchanged, compared to its average volume of 84,933. The stock has a market capitalization of C$798.40 million, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The firm’s 50-day simple moving average is C$9.20 and its 200 day simple moving average is C$7.96. The company has a debt-to-equity ratio of 64.85, a quick ratio of 2.25 and a current ratio of 1.51. Computer Modelling Group has a fifty-two week low of C$4.94 and a fifty-two week high of C$10.76.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.02%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Robert David Hicks sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of C$10.20, for a total transaction of C$102,000.00. Company insiders own 1.64% of the company’s stock.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.