Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Rating of "Hold" from Brokerages

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has earned an average recommendation of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$13.14.

Several analysts have commented on CMG shares. Ventum Cap Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 22nd. Cibc World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 12th. CIBC lowered their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Ventum Financial lowered their price objective on shares of 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. Finally, Raymond James lowered their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th.

Computer Modelling Group Price Performance

CMG traded down C$0.07 during midday trading on Friday, hitting C$6.69. The company had a trading volume of 87,916 shares, compared to its average volume of 190,957. The company has a market capitalization of C$539.78 million, a PE ratio of 22.06, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group has a twelve month low of C$6.61 and a twelve month high of C$14.73. The firm's 50-day simple moving average is C$7.70 and its 200-day simple moving average is C$9.07.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a yield of 2.99%. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Insider Buying and Selling at Computer Modelling Group

In related news, Senior Officer Pramod Jain acquired 4,635 shares of the company's stock in a transaction on Tuesday, March 18th. The shares were acquired at an average cost of C$7.68 per share, for a total transaction of C$35,590.31. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of Computer Modelling Group stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total value of C$47,668.50. In the last 90 days, insiders acquired 32,060 shares of company stock worth $243,597. 1.03% of the stock is owned by corporate insiders.

Computer Modelling Group Company Profile

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.