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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$8.90.

Several equities research analysts have recently commented on the company. Ventum Cap Mkts raised Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets reduced their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. Finally, National Bankshares set a C$6.00 price objective on shares of Computer Modelling Group and gave the stock a “sector perform” rating in a research note on Thursday, December 18th.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$4.57 on Friday. The firm has a market cap of C$378.08 million, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.97 and a beta of -0.64. The company’s fifty day simple moving average is C$5.08 and its two-hundred day simple moving average is C$5.74. Computer Modelling Group has a 12-month low of C$4.40 and a 12-month high of C$10.96. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 15th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a yield of 0.9%. Computer Modelling Group’s payout ratio is presently 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.