Computer Modelling Group Ltd. (TSE:CMG) Receives “Moderate Buy” Recommendation from Brokerages
Computer Modelling Group Ltd. (TSE:CMG) has garnered an average rating of “Moderate Buy” from nine different ratings firms currently covering the stock, according to a report by Marketbeat Ratings. Among the analysts, one has recommended selling the stock, one has suggested holding, six have advised buying, and one has strongly recommended purchasing shares in the company. The average target price for the next 12 months, as updated by analysts in the past year, stands at C$11.94.
Various analysts have shared their perspectives on CMG shares. Barclays raised the target price for Computer Modelling Group from C$8.00 to C$9.00 and labeled it as “underweight” in a research report on February 20th. National Bankshares also increased their price target from C$12.50 to C$14.00, giving the stock an “outperform” rating on May 31st. Additionally, CIBC set a target price of C$13.50 for Computer Modelling Group, deeming it an “outperform” stock on May 24th. Canaccord Genuity Group raised their price target from C$11.00 to C$12.00, rating the stock as a “buy” on May 24th. Acumen Capital also adjusted their price target from C$12.00 to C$13.00, suggesting a “buy” rating on May 24th.
Shares of TSE:CMG traded up C$0.09 on Friday, reaching C$12.92. The trading volume amounted to 153,966 shares, higher than the average volume of 121,137 shares. With a debt-to-equity ratio of 59.81, a current ratio of 1.76, and a quick ratio of 2.25, Computer Modelling Group has a market capitalization of C$1.05 billion. The stock’s 50-day moving average price is C$11.11, while the 200-day moving average price is C$10.33. The company’s P/E ratio is 44.55, with a PEG ratio of 1.97 and a beta of 1.14. The 12-month trading range for Computer Modelling Group is between C$6.21 and C$13.75.
In recent developments, Computer Modelling Group announced a quarterly dividend that will be distributed on June 14th to investors of record as of June 14th. The dividend amounts to $0.05 per share, translating to an annualized dividend yield of 1.55%. The company’s dividend payout ratio (DPR) currently stands at 68.97%.
Regarding insider activities, Senior Officer Long X. Nghiem sold 10,000 shares of CMG stock on June 6th at an average price of C$13.50, totaling C$135,000.00. In another transaction, Senior Officer Robert David Hicks sold 16,000 shares on March 21st at an average price of C$10.37, amounting to C$165,920.00. Over the past 90 days, insiders have collectively sold 261,000 shares of company stock, valued at $2,978,083. Insiders now possess 1.37% of Computer Modelling Group’s stock.
Computer Modelling Group Ltd. specializes in software and consulting technology, focusing on developing and licensing reservoir simulation and seismic interpretation software and related services. The company offers various solutions, including CMOST-AI for reservoir optimization and analysis, IMEX for oil recovery processes, and GEM for reservoir modeling.
In conclusion, Computer Modelling Group continues to receive positive recommendations from analysts, with a “Moderate Buy” rating. The company’s recent dividend announcement and insider activities reflect a robust performance in the market. Investors may find opportunities in exploring CMG’s potential growth prospects.
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Keywords: Computer Modelling Group Ltd., TSE:CMG, analyst ratings, dividend announcement, insider activities, software technology