Computer Modelling Group (TSE:CMG) Upgraded to “Buy” at Ventum Financial

Ventum Financial upgraded shares of Computer Modelling Group (TSE:CMG) from a neutral rating to a buy rating in a research report released on Thursday morning,BayStreet.CA reports.

Several other equities analysts also recently commented on CMG. BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday. CIBC dropped their target price on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating for the company in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$9.88.

Computer Modelling Group Stock Performance

TSE CMG opened at C$5.05 on Thursday. The business’s 50 day moving average price is C$5.89 and its 200-day moving average price is C$6.76. Computer Modelling Group has a fifty-two week low of C$4.80 and a fifty-two week high of C$11.57. The company has a market cap of C$417.79 million, a P/E ratio of 19.42, a P/E/G ratio of 1.97 and a beta of -0.21. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 5th. Computer Modelling Group’s payout ratio is 76.92%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.