Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.50

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$13.50.

A number of equities research analysts have recently weighed in on CMG shares. CIBC lowered their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Acumen Capital boosted their target price on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the company an “outperform” rating in a report on Wednesday, September 11th.

Insider Buying and Selling at Computer Modelling Group

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Insiders have sold 85,900 shares of company stock worth $886,417 in the last ninety days. 1.03% of the stock is owned by insiders.

Computer Modelling Group Trading Down 1.4 %

Shares of CMG stock opened at C$10.98 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The business has a 50-day moving average price of C$11.33 and a two-hundred day moving average price of C$12.29. Computer Modelling Group has a 12-month low of C$8.43 and a 12-month high of C$14.73. The firm has a market cap of C$898.71 million, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.82%. Computer Modelling Group’s dividend payout ratio (DPR) is 71.43%.

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.