Computer Modelling Group Ltd. (TSE:CMG) Receives Average Rating of “Moderate Buy” from Analysts

Computer Modelling Group Ltd. (TSE:CMG) has earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$8.90.

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

Computer Modelling Group Trading Down 3.4%

Shares of CMG stock opened at C$4.48 on Friday. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a twelve month low of C$4.40 and a twelve month high of C$10.96. The company’s 50-day moving average price is C$5.10 and its 200-day moving average price is C$5.79. The stock has a market cap of C$370.63 million, a price-to-earnings ratio of 17.92, a PEG ratio of 1.97 and a beta of -0.64.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid 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 yield of 0.9%. Computer Modelling Group’s dividend 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.