Computer Modelling Group (TSE:CMG) Given New C$13.00 Price Target at BMO Capital Markets

Computer Modelling Group (TSE:CMG) had its price target decreased by BMO Capital Markets from C$14.00 to C$13.00 in a report released on Friday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the stock. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$13.39.

Computer Modelling Group Stock Down 0.3 %

Shares of TSE CMG opened at C$10.86 on Friday. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The company’s 50 day moving average price is C$11.25 and its 200-day moving average price is C$12.29. The company has a market capitalization of C$888.89 million, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Activity

In other news, Senior Officer Pramod Jain acquired 14,091 shares of Computer Modelling Group stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of C$10.68 per share, with a total value of C$150,545.43. Also, Senior Officer Long X. Nghiem sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total transaction of C$283,850.00. Insiders sold a total of 290,210 shares of company stock valued at $3,162,016 over the last three months. Corporate insiders own 1.03% of the company’s stock.

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.