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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$13.50.

CMG has been the topic of several research analyst reports. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Acumen Capital lifted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Finally, CIBC lowered their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th.

Computer Modelling Group Stock Down 1.4 %

Computer Modelling Group stock opened at C$10.98 on Friday. The stock has a market cap of C$898.71 million, a price-to-earnings ratio of 39.21, a PEG ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The company’s 50-day moving average price is C$11.33 and its two-hundred day moving average price is C$12.29. Computer Modelling Group has a 52 week low of C$8.43 and a 52 week high of C$14.73.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, December 5th. Computer Modelling Group’s payout ratio is 71.43%.

Insiders Place Their Bets

In related news, Senior Officer Long X. Nghiem sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00. Insiders sold a total of 85,900 shares of company stock worth $886,417 over the last ninety days. 1.03% of the stock is currently owned by company insiders.

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.