CIBC set a C$13.50 price objective on Computer Modelling Group (TSE:CMG – Free Report) in a research note released on Friday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
Several other research firms have also recently issued reports on CMG. Echelon Wealth Partners increased their price target on Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a buy rating in a research note on Friday. Acumen Capital boosted their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a buy rating in a report on Friday. Canaccord Genuity Group increased their price objective on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a buy rating in a research note on Friday. Barclays raised their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an underweight rating in a research note on Tuesday, February 20th. Finally, National Bankshares set a C$12.50 price target on shares of Computer Modelling Group and gave the company an outperform rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$11.75.
View Our Latest Report on Computer Modelling Group
Computer Modelling Group Stock Performance
Computer Modelling Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Thursday, June 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.61%. Computer Modelling Group’s payout ratio is 68.97%.
Insider Activity
In other news, Senior Officer Robert David Hicks sold 20,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$10.15, for a total value of C$203,000.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$10.10, for a total value of C$404,000.00. Also, Senior Officer Robert David Hicks sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of C$10.15, for a total transaction of C$203,000.00. Over the last quarter, insiders have sold 196,000 shares of company stock worth $2,020,420. 1.37% of the stock is owned by corporate insiders.
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.
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