Computer Modelling Group Ltd. (TSE:CMG) Receives Average Recommendation of "Moderate Buy" from Analysts

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$13.50.

A number of equities analysts have issued reports on CMG shares. Acumen Capital lifted their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Canaccord Genuity Group cut shares of Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Finally, CIBC reduced their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th.

Computer Modelling Group Trading Down 0.2 %

Shares of CMG stock traded down C$0.02 during mid-day trading on Friday, hitting C$10.26. The company's stock had a trading volume of 50,672 shares, compared to its average volume of 133,816. 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 market cap of C$839.78 million, a PE ratio of 36.71, a P/E/G ratio of 1.97 and a beta of 1.21. The company's fifty day simple moving average is C$11.39 and its 200-day simple moving average is C$12.30. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group's dividend payout ratio (DPR) is currently 71.43%.

Insider Buying and Selling

In related news, Senior Officer Long X. Nghiem sold 15,000 shares of Computer Modelling Group stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total transaction of C$153,000.00. Over the last quarter, insiders have sold 85,900 shares of company stock worth $886,417. 1.03% of the stock is owned by insiders.

About Computer Modelling Group

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.