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

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has received a consensus rating of "Hold" from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$13.14.

A number of research firms have recently weighed in on CMG. Ventum Financial decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Cibc World Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Ventum Cap Mkts downgraded shares of Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Raymond James decreased their price target 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 report on Wednesday, February 12th. Finally, CIBC decreased their price objective on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating for the company in a report on Wednesday, February 12th.

Computer Modelling Group Stock Up 2.0%

TSE:CMG traded up C$0.14 during trading hours on Friday, hitting C$7.05. The stock had a trading volume of 136,009 shares, compared to its average volume of 192,385. Computer Modelling Group has a 1-year low of C$6.61 and a 1-year high of C$14.73. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a market cap of C$568.83 million, a PE ratio of 23.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The business has a 50 day simple moving average of C$7.73 and a two-hundred day simple moving average of C$9.09.

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 given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group's dividend payout ratio (DPR) is presently 65.95%.

Insider Buying and Selling

In related news, Senior Officer Pramod Jain purchased 4,635 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were purchased at an average price of C$7.68 per share, with a total value of C$35,590.31. Also, Director Kenneth Michael Dedeluk sold 7,100 shares of Computer Modelling Group stock in a transaction dated Monday, March 31st. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00. In the last ninety days, insiders have acquired 32,060 shares of company stock worth $243,597 and have sold 17,985 shares worth $145,719. Insiders own 1.03% of the company's stock.

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.