Computer Modelling Group (TSE:CMG) Hits New 1-Year High Following Dividend Announcement

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) shares reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as C$13.75 and last traded at C$13.61, with a volume of 53317 shares changing hands. The stock had previously closed at C$13.36.

The newly announced dividend which will be paid on Friday, June 14th. Shareholders of record on Friday, June 14th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMG shares. National Bankshares upped their price objective on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Barclays boosted their price objective on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Canaccord Genuity Group raised their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Echelon Wealth Partners lifted their target price on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$11.94.

Get Our Latest Stock Report on CMG

Computer Modelling Group Stock Down 4.0 %

The company has a market cap of C$1.04 billion, a P/E ratio of 44.24, a PEG ratio of 1.97 and a beta of 1.14. The business’s 50 day moving average price is C$11.05 and its 200-day moving average price is C$10.31. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25.

Insider Activity at Computer Modelling Group

In other news, Senior Officer Robert David Hicks sold 16,000 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$10.37, for a total transaction of C$165,920.00. In related news, Senior Officer Robert David Hicks sold 16,000 shares of Computer Modelling Group stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of C$10.37, for a total value of C$165,920.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$10.10, for a total transaction of C$404,000.00. Insiders sold 251,000 shares of company stock valued at $2,843,083 in the last three months. Corporate insiders own 1.37% of the company’s stock.

Computer Modelling Group Company Profile

(Get Free Report)

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.

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