Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$11.94.

A number of analysts recently weighed in on CMG shares. Acumen Capital upped their target price on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Barclays raised their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Cibc World Mkts upgraded Computer Modelling Group to a “strong-buy” rating in a research report on Friday, May 24th. CIBC set a C$13.50 price objective on Computer Modelling Group and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, National Bankshares upped their target price on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a report on Friday, May 31st.

View Our Latest Research Report on Computer Modelling Group

Computer Modelling Group Stock Up 0.8 %

CMG opened at C$12.90 on Friday. The company has a market capitalization of C$1.05 billion, a P/E ratio of 44.48, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The firm’s fifty day moving average price is C$11.32 and its two-hundred day moving average price is C$10.41. Computer Modelling Group has a fifty-two week low of C$6.21 and a fifty-two week high of C$13.75.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, June 14th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.55%. Computer Modelling Group’s payout ratio is 68.97%.

Insider Activity

In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 16,000 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$10.37, for a total transaction of C$165,920.00. In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 16,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$10.37, for a total transaction of C$165,920.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00. Insiders have sold 223,400 shares of company stock valued at $2,641,483 over the last three months. 1.37% of the stock is owned by insiders.

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.

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Analyst Recommendations for Computer Modelling Group (TSE:CMG)

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