Computer Modelling Group Ltd. (TSE:CMG) Receives Average Rating of "Moderate Buy" from Brokerages

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has been given an average rating of "Moderate Buy" by the eight analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$13.13.

Several analysts have recently weighed in on the company. Cibc World Mkts cut Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. Ventum Financial reduced their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. CIBC dropped their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Finally, Raymond James lowered their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th.

Insider Activity at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 4,095 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of C$8.75, for a total value of C$35,831.25. Also, Senior Officer Pramod Jain bought 4,635 shares of the stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of C$7.68 per share, with a total value of C$35,590.31. In the last quarter, insiders have acquired 32,060 shares of company stock valued at $243,597 and have sold 27,080 shares valued at $224,050. 1.03% of the stock is owned by insiders.

Computer Modelling Group Price Performance

Computer Modelling Group stock traded up C$0.11 during midday trading on Monday, reaching C$7.99. The company's stock had a trading volume of 15,592 shares, compared to its average volume of 196,420. The stock has a market cap of C$644.67 million, a PE ratio of 26.35, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 52 week low of C$6.71 and a 52 week high of C$14.73. The business has a 50-day moving average price of C$7.68 and a 200-day moving average price of C$9.63.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's payout ratio is presently 65.95%.

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.