Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.39

Computer Modelling Group Ltd. (TSE:CMG) has been given an average rating of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$13.39.

CMG has been the topic of several research reports. CIBC decreased their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Canaccord Genuity Group cut 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 report on Wednesday, November 13th. BMO Capital Markets lowered their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Finally, National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 15,000 shares of the company’s stock in a transaction dated 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, Senior Officer Sandra Balic sold 148,110 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total value of C$1,645,724.27. Insiders sold 290,210 shares of company stock valued at $3,162,016 in the last three months. Corporate insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

CMG opened at C$10.53 on Tuesday. 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 stock has a market cap of C$861.88 million, a price-to-earnings ratio of 37.61, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 12-month low of C$8.43 and a 12-month high of C$14.73. The business has a 50 day moving average of C$11.11 and a 200-day moving average of C$12.23.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.90%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

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.