Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.39

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$12.67.

Several analysts have weighed in on CMG shares. Cibc World Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 12th. BMO Capital Markets reduced their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. CIBC reduced their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Raymond James reduced their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th.

Insider Buying and Selling

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Also, Senior Officer Long X. Nghiem sold 57,300 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of C$10.34, for a total value of C$592,596.60. Insiders have sold a total of 310,210 shares of company stock valued at $3,380,366 over the last ninety days. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$8.55 on Wednesday. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. Computer Modelling Group has a fifty-two week low of C$8.54 and a fifty-two week high of C$14.73. The stock has a 50 day moving average price of C$10.43 and a two-hundred day moving average price of C$11.45. The company has a market capitalization of C$689.85 million, a P/E ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The company 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 annualized dividend and a yield of 2.34%. Computer Modelling Group’s payout ratio is 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.