Computer Modelling Group Ltd. (TSE:CMG) Given Average Recommendation of “Moderate Buy” by Analysts

Computer Modelling Group Ltd. (TSE:CMG) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$13.39.

Several research firms have recently issued reports on CMG. CIBC decreased their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets lowered their price objective 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 news, Senior Officer Long X. Nghiem sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.35, for a total transaction of C$283,850.00. Also, Senior Officer Sandra Balic sold 148,110 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Over the last quarter, insiders have sold 325,210 shares of company stock valued at $3,533,366. 1.03% of the stock is owned by insiders.

Computer Modelling Group Stock Performance

CMG opened at C$10.25 on Friday. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The stock has a market capitalization of C$838.96 million, a PE ratio of 36.61, a PEG ratio of 1.97 and a beta of 1.21. The firm has a 50-day moving average price of C$10.51 and a two-hundred day moving average price of C$11.85. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 EPS 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%. As a group, equities analysts anticipate that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.95%. Computer Modelling Group’s dividend payout ratio (DPR) 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.