Computer Modelling Group Ltd. (TSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$9.58.

A number of equities analysts recently commented on CMG shares. BMO Capital Markets lifted their price target on Computer Modelling Group from C$10.00 to C$11.50 and gave the stock a “market perform” rating in a research note on Tuesday, November 14th. Acumen Capital boosted their price objective on shares of Computer Modelling Group from C$11.00 to C$11.50 and gave the company a “buy” rating in a research report on Tuesday, September 26th. Barclays decreased their price objective on shares of Computer Modelling Group from C$9.00 to C$8.00 and set an “underweight” rating for the company in a report on Monday. Industrial Alliance Securities set a C$9.50 price objective on shares of Computer Modelling Group and gave the stock a “buy” rating in a report on Thursday, August 31st. Finally, Echelon Wealth Partners reiterated a “buy” rating on shares of Computer Modelling Group in a research note on Tuesday, November 14th.

Insider Activity

In related news, Senior Officer Robert David Hicks sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$10.20, for a total value of C$102,000.00. Insiders own 1.64% of the company’s stock.

Computer Modelling Group Price Performance

TSE:CMG traded down C$0.12 during mid-day trading on Monday, hitting C$9.88. 123,973 shares of the company’s stock traded hands, compared to its average volume of 84,933. The company has a market cap of C$798.40 million, a PE ratio of 32.87, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. Computer Modelling Group has a 1 year low of C$4.94 and a 1 year high of C$10.76. The company has a debt-to-equity ratio of 64.85, a quick ratio of 2.25 and a current ratio of 1.51. The firm’s 50 day simple moving average is C$9.20 and its 200 day simple moving average is C$7.96.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, December 7th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, December 6th. Computer Modelling Group’s dividend payout ratio is 66.67%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.