Computer Modelling Group Ltd. (TSE:CMG) Receives C$8.90 Consensus Price Target from Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$8.90.

Several brokerages recently issued reports on CMG. CIBC cut their price target on Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Ventum Cap Mkts raised Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. National Bankshares set a C$6.00 target price on Computer Modelling Group and gave the company a “sector perform” rating in a research report on Thursday. BMO Capital Markets reduced their target price on Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday, November 12th. Finally, Ventum Financial raised Computer Modelling Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 13th.

Computer Modelling Group Price Performance

TSE:CMG opened at C$5.17 on Thursday. The stock has a market capitalization of C$427.71 million, a PE ratio of 20.68, a P/E/G ratio of 1.97 and a beta of -0.35. Computer Modelling Group has a 1-year low of C$4.68 and a 1-year high of C$10.96. The firm has a fifty day simple moving average of C$5.25 and a 200 day simple moving average of C$6.27. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a $0.01 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 64.00%.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.