Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) PT at C$13.13

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$13.13.

CMG has been the subject of a number of research reports. Raymond James reduced their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Cibc World Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 12th. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Ventum Financial dropped their price objective on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, CIBC cut their price objective on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th.

Insiders Place Their Bets

In other news, Director Kenneth Michael Dedeluk sold 4,095 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of C$8.75, for a total value of C$35,831.25. Also, Senior Officer Pramod Jain acquired 4,635 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was bought at an average price of C$7.68 per share, with a total value of C$35,590.31. In the last three months, insiders bought 32,060 shares of company stock valued at $243,597 and sold 42,080 shares valued at $380,800. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$7.54 on Thursday. Computer Modelling Group has a 52-week low of C$7.04 and a 52-week high of C$14.73. The firm has a market capitalization of C$608.36 million, a PE ratio of 24.86, a P/E/G ratio of 1.97 and a beta of 1.21. The firm has a 50-day moving average price of C$8.62 and a 200 day moving average price of C$10.20. 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Thursday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 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.