Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.14

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$13.14.

Several brokerages have recently issued reports on CMG. Ventum Financial reduced their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. CIBC reduced 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 research note on Wednesday, February 12th. Raymond James reduced 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 research note on Wednesday, February 12th. Ventum Cap Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Finally, Cibc World Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th.

Computer Modelling Group Trading Down 1.1%

CMG opened at C$6.91 on Friday. 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 stock has a market capitalization of C$557.53 million, a PE ratio of 22.79, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 1-year low of C$6.61 and a 1-year high of C$14.73. The firm has a 50-day moving average price of C$7.74 and a two-hundred day moving average price of C$9.13.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a $0.05 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.89%. Computer Modelling Group’s dividend payout ratio is 65.95%.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Pramod Jain bought 14,425 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of C$7.42 per share, for a total transaction of C$107,011.11. Also, Director Kenneth Michael Dedeluk sold 5,885 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$8.10, for a total transaction of C$47,668.50. In the last ninety days, insiders have bought 32,060 shares of company stock worth $243,597 and have sold 17,985 shares worth $145,719. 1.03% of the stock is currently owned by corporate insiders.

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.