Computer Modelling Group Ltd. (TSE:CMG) Given Consensus Rating of “Hold” by Analysts

Computer Modelling Group Ltd. (TSE:CMG) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$12.67.

A number of analysts recently commented on the stock. BMO Capital Markets dropped their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. CIBC decreased their target price 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. Raymond James decreased their target price 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. Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th.

Insider Transactions at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Insiders have sold 310,210 shares of company stock valued at $3,380,366 in the last quarter. Insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$8.42 on Wednesday. The stock has a market capitalization of C$679.36 million, a P/E ratio of 27.77, a PEG 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. The firm’s 50 day moving average is C$10.38 and its 200 day moving average is C$11.41. Computer Modelling Group has a 12 month low of C$8.25 and a 12 month high of C$14.73.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s payout ratio is 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.