Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.13 Average PT from Brokerages

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight research firms that are covering the company, Marketbeat.com 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 target price among analysts that have issued a report on the stock in the last year is C$13.13.

Several brokerages have recently commented on CMG. Cibc World Mkts cut shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Raymond James reduced 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, February 12th. Ventum Financial lowered their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. BMO Capital Markets reduced their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, CIBC decreased their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th.

Computer Modelling Group Stock Down 6.0 %

Shares of CMG traded down C$0.45 during trading on Thursday, reaching C$7.09. The company's stock had a trading volume of 322,435 shares, compared to its average volume of 212,913. Computer Modelling Group has a twelve month low of C$7.02 and a twelve month high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a market cap of C$572.05 million, a price-to-earnings ratio of 23.38, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a fifty day moving average of C$8.55 and a two-hundred day moving average of C$10.16.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's dividend payout ratio (DPR) is 65.95%.

Insider Activity

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm's stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Also, Senior Officer Pramod Jain purchased 14,425 shares of Computer Modelling Group stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of C$7.42 per share, with a total value of C$107,011.11. Over the last 90 days, insiders have acquired 32,060 shares of company stock valued at $243,597 and have sold 42,080 shares valued at $380,800. 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.