Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Computer Modelling Group Ltd. (TSE:CMG) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has given 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$13.39.

A number of analysts recently commented on the company. CIBC decreased their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th.

Insider Activity

In other Computer Modelling Group news, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total transaction of C$51,750.00. Over the last three months, insiders have sold 325,210 shares of company stock valued at $3,533,366. 1.03% of the stock is currently owned by insiders.

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$10.25 on Friday. Computer Modelling Group has a 1 year low of C$8.43 and a 1 year high of C$14.73. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The business’s 50-day moving average is C$10.51 and its 200-day moving average is C$11.85. The company has a market capitalization of C$838.96 million, a price-to-earnings ratio of 36.61, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. Equities research analysts predict that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

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.