Computer Modelling Group Ltd. (TSE:CMG) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of brokerages have recently commented on CMG. National Bankshares set a C$6.00 target price on Computer Modelling Group and gave the stock a “sector perform” rating in a research note on Thursday. Ventum Cap Mkts upgraded Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. BMO Capital Markets cut their target price on shares of Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday, November 12th. CIBC decreased their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday. Finally, Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th.

Computer Modelling Group Stock Down 0.8%

TSE CMG traded down C$0.04 on Thursday, hitting C$5.14. The stock had a trading volume of 195,126 shares, compared to its average volume of 225,843. Computer Modelling Group has a 52-week low of C$4.68 and a 52-week high of C$10.96. The business’s fifty day moving average price is C$5.29 and its 200 day moving average price is C$6.30. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The stock has a market cap of C$425.23 million, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 1.97 and a beta of -0.35.

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 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 yield of 0.8%. Computer Modelling Group’s dividend payout ratio is currently 64.00%.

About Computer Modelling Group

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.