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

Shares of Computer Modelling Group Ltd. (TSE:CMGGet Free Report) 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.

Check Out Our Latest Stock Analysis on CMG

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

(Get Free Report

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.

Featured Articles

Analyst Recommendations for Computer Modelling Group (TSE:CMG)

Receive News & Ratings for Computer Modelling Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Computer Modelling Group and related companies with's FREE daily email newsletter.