Analysts Set Computer Modelling Group Ltd. (TSE:CMG) PT at C$13.14

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

Separately, Ventum Cap Mkts lowered shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Pramod Jain purchased 6,100 shares of Computer Modelling Group stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of C$4.99 per share, for a total transaction of C$30,455.47. Also, Director Kenneth Michael Dedeluk sold 7,100 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of C$8.00, for a total transaction of C$56,800.00. Over the last ninety days, insiders have acquired 26,346 shares of company stock valued at $176,672 and have sold 38,900 shares valued at $279,990. Insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$7.31 on Wednesday. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The firm has a market cap of C$589.80 million, a P/E ratio of 24.11, a P/E/G ratio of 1.97 and a beta of 1.21. The firm has a 50 day simple moving average of C$7.48 and a 200 day simple moving average of C$8.66. Computer Modelling Group has a fifty-two week low of C$6.58 and a fifty-two week high of C$14.73.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, June 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 2.74%. Computer Modelling Group’s dividend payout ratio is currently 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.