National Bankshares Analysts Give Computer Modelling Group (TSE:CMG) a C$6.00 Price Target

National Bankshares set a C$6.00 price target on Computer Modelling Group (TSE:CMG) in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets dropped their target price on Computer Modelling Group from C$7.00 to C$6.00 in a report on Wednesday, November 12th. CIBC cut their price target on shares of Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. Finally, Ventum Cap Mkts upgraded Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Computer Modelling Group has a consensus rating of “Moderate Buy” and an average target price of C$8.90.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$5.17 on Thursday. The firm has a 50 day moving average of C$5.25 and a 200-day moving average of C$6.27. The company has a market cap of C$427.71 million, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.97 and a beta of -0.35. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 52 week low of C$4.68 and a 52 week high of C$10.96.

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued 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, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 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.