Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.14

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$13.14.

Separately, Ventum Cap Mkts cut shares of Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 22nd.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$7.00, for a total value of C$140,000.00. Also, Senior Officer Pramod Jain acquired 6,100 shares of the stock in a transaction on Tuesday, June 3rd. The stock was bought at an average price of C$4.99 per share, for a total transaction of C$30,455.47. In the last ninety days, insiders acquired 21,346 shares of company stock worth $136,969 and sold 51,800 shares worth $363,190. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Up 0.1%

Shares of CMG stock opened at C$7.31 on Friday. The stock’s fifty day moving average price is C$7.34 and its 200 day moving average price is C$8.24. Computer Modelling Group has a 1-year low of C$6.58 and a 1-year high of C$14.73. The company has a market cap of C$589.80 million, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, June 13th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 2.74%. 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.