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Computer Modelling Group Ltd. (TSE:CMG) Given Consensus Recommendation of "Hold" by Brokerages

Computer Modelling Group logo with Computer and Technology background

Key Points

  • Computer Modelling Group Ltd. has received a consensus recommendation of "Hold" from seven ratings firms, with four analysts recommending a hold and three giving a buy rating.
  • The company recently announced a quarterly dividend of $0.05 per share, representing an annualized yield of 2.5% and a payout ratio of 65.95%.
  • Insiders have recently sold a total of 51,800 shares valued at $363,190, while purchasing 21,346 shares valued at $136,969 in the last quarter.
  • Want stock alerts on Computer Modelling Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$13.14.

Separately, Ventum Cap Mkts lowered shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd.

View Our Latest Stock Report on Computer Modelling Group

Insiders Place Their Bets

In related news, Director Kenneth Michael Dedeluk sold 20,000 shares of Computer Modelling Group stock in a transaction on Friday, June 20th. The shares were sold at an average price of C$7.00, for a total transaction of C$140,000.00. Also, Senior Officer Pramod Jain purchased 6,100 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, June 3rd. The stock was bought at an average cost of C$4.99 per share, with a total value of C$30,455.47. Over the last quarter, insiders have purchased 21,346 shares of company stock valued at $136,969 and have sold 51,800 shares valued at $363,190. 1.03% of the stock is owned by corporate insiders.

Computer Modelling Group Stock Down 1.0%

Shares of Computer Modelling Group stock opened at C$7.85 on Thursday. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 52-week low of C$6.58 and a 52-week high of C$13.86. The company has a market capitalization of C$633.37 million, a P/E ratio of 25.89, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a 50 day moving average of C$7.32 and a 200 day moving average of C$7.96.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.5%. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

About Computer Modelling Group

(Get Free Report)

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.

See Also

Analyst Recommendations for Computer Modelling Group (TSE:CMG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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