Computer Modelling Group (TSE:CMG) Upgraded at Ventum Financial

Ventum Financial upgraded shares of Computer Modelling Group (TSE:CMG) from a neutral rating to a buy rating in a research report report published on Thursday morning,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. CIBC dropped their target price on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. BMO Capital Markets decreased their price objective on Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$9.88.

Computer Modelling Group Stock Performance

TSE CMG opened at C$4.90 on Thursday. The company’s 50 day moving average is C$5.86 and its 200-day moving average is C$6.73. Computer Modelling Group has a 12-month low of C$4.80 and a 12-month high of C$11.57. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The firm has a market cap of C$405.38 million, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.97 and a beta of -0.21.

Computer Modelling Group Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. Computer Modelling Group’s dividend payout ratio is presently 76.92%.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.