Computer Modelling Group Ltd. (TSE:CMG) Receives C$8.90 Average Price Target from Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$8.90.

CMG has been the topic of a number of recent research reports. BMO Capital Markets lowered their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. CIBC reduced their price target on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. National Bankshares set a C$6.00 price target on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. Finally, Ventum Cap Mkts upgraded shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th.

Computer Modelling Group Price Performance

Shares of Computer Modelling Group stock opened at C$5.12 on Monday. The firm has a market cap of C$423.58 million, a PE ratio of 20.48, a P/E/G ratio of 1.97 and a beta of -0.44. Computer Modelling Group has a twelve month low of C$4.68 and a twelve month high of C$10.96. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The business has a 50-day moving average price of C$5.14 and a 200 day moving average price of C$6.02.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were given a dividend of $0.01 per share. The ex-dividend date was Friday, December 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. Computer Modelling Group’s payout ratio is 64.00%.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.