Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of "Hold" from Brokerages

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$12.67.

A number of equities research analysts have issued reports on CMG shares. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Ventum Financial dropped their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Wednesday. Raymond James cut their target price 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. CIBC reduced their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th.

Computer Modelling Group Stock Performance

Computer Modelling Group stock traded down C$0.30 during trading hours on Wednesday, hitting C$8.55. The company had a trading volume of 347,164 shares, compared to its average volume of 209,674. The firm has a 50-day moving average of C$10.43 and a 200 day moving average of C$11.45. The firm has a market cap of C$689.85 million, a PE ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a one year low of C$8.54 and a one year 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 (TSE:CMG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a net margin of 19.18% and a return on equity of 33.54%. On average, sell-side analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.34%. Computer Modelling Group's dividend payout ratio is 65.95%.

Insider Activity

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 15,000 shares of the firm's stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the company's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total transaction of C$51,750.00. Over the last three months, insiders sold 325,210 shares of company stock worth $3,533,366. 1.03% of the stock is owned by corporate 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.