Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Rating of “Hold” from Brokerages

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

Separately, Ventum Cap Mkts downgraded Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 22nd.

Computer Modelling Group Trading Up 0.1%

Shares of CMG stock opened at C$6.80 on Wednesday. Computer Modelling Group has a 12 month low of C$6.58 and a 12 month high of C$14.73. 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’s 50 day moving average is C$7.48 and its two-hundred day moving average is C$8.71. The company has a market cap of C$548.66 million, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, June 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, June 5th. This represents a $0.20 annualized dividend and a dividend yield of 2.94%. Computer Modelling Group’s payout ratio is 65.95%.

Insider Transactions at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$7.00, for a total value of C$35,000.00. Also, Director Birgit Troy acquired 11,100 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of C$6.99 per share, for a total transaction of C$77,589.00. Over the last quarter, insiders have purchased 29,346 shares of company stock worth $200,430 and have sold 38,900 shares worth $279,990. 1.03% of the stock is currently owned by corporate insiders.

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.