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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$13.39.

A number of brokerages have issued reports on CMG. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. CIBC cut their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Finally, BMO Capital Markets lowered their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th.

Computer Modelling Group Stock Down 0.6 %

Computer Modelling Group stock opened at C$10.25 on Friday. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The business has a fifty day moving average price of C$10.52 and a 200-day moving average price of C$11.89. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market capitalization of C$838.96 million, a price-to-earnings ratio of 36.61, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. Equities research analysts forecast that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 3,600 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00. Insiders have sold a total of 325,210 shares of company stock valued at $3,533,366 over the last ninety days. Company insiders own 1.03% of the company’s stock.

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.