Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.13 Consensus Target Price from Analysts

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$13.13.

A number of research firms recently commented on CMG. Raymond James decreased their price objective 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, February 12th. Canaccord Genuity Group lowered Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Cibc World Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Ventum Financial reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th.

Insider Transactions at Computer Modelling Group

In other news, 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. Also, Senior Officer Long X. Nghiem sold 20,000 shares of Computer Modelling Group stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of C$10.73, for a total value of C$214,600.00. Over the last quarter, insiders have sold 54,980 shares of company stock valued at $538,600. 1.03% of the stock is currently owned by corporate insiders.

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Computer Modelling Group Trading Up 0.7 %

Computer Modelling Group stock traded up C$0.05 during midday trading on Friday, hitting C$7.39. 141,901 shares of the stock were exchanged, compared to its average volume of 227,653. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The stock has a market capitalization of C$596.26 million, a price-to-earnings ratio of 24.37, a PEG ratio of 1.97 and a beta of 1.21. The stock's 50-day simple moving average is C$9.53 and its 200 day simple moving average is C$10.78. Computer Modelling Group has a fifty-two week low of C$7.17 and a fifty-two 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, March 14th. Shareholders of record on Friday, March 14th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.71%. The ex-dividend date is Thursday, March 6th. Computer Modelling Group's dividend payout ratio is currently 65.95%.

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.