Computer Modelling Group Ltd. (TSE:CMG) has received an average rating of “Moderate Buy” from analysts following the company, according to Marketbeat.com. The assessment comes from six ratings firms, three of which have issued a hold recommendation, while two analysts have recommended a buy and one has designated a strong buy for the stock.
Market analysts have set an average twelve-month target price of C$8.90 for Computer Modelling Group. Recent commentary from various brokerages highlights differing perspectives on the company’s stock.
National Bankshares recently announced a target price of C$6.00 for Computer Modelling Group, assigning it a “sector perform” rating in a report released on Thursday. This rating reflects a cautious outlook, indicating the stock’s expected performance will align with the overall market.
In contrast, Ventum Capital Markets upgraded the company from a “hold” rating to a “strong buy” on November 12, 2023. This shift signals increased confidence in the company’s future performance. On the same day, BMO Capital Markets reduced its target price from C$7.00 to C$6.00, suggesting the company may face challenges ahead. Additionally, CIBC lowered its target price from C$6.50 to C$5.50 in a note issued on Monday.
On November 13, 2023, Ventum Financial also raised its rating for Computer Modelling Group, moving from a “neutral” to a “buy” status, emphasizing a more positive outlook on the stock.
Dividend Announcement and Financial Overview
Computer Modelling Group recently declared a quarterly dividend of $0.01 per share, which was paid to shareholders on December 15, 2023. Shareholders of record received this dividend, with the ex-dividend date set for December 5, 2023. This dividend represents an annual payout of $0.04 and yields approximately 0.8%. The company currently maintains a dividend payout ratio of 64.00%.
About Computer Modelling Group
Based in Canada, Computer Modelling Group Ltd. specializes in reservoir simulation software tailored for the oil and gas sector. Its software capabilities encompass integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modeling, post-processor visualization, compositional simulation, thermal process simulation, and fluid property characterization.
As the company navigates the complexities of the energy sector, the diverse recommendations from analysts reflect a range of outlooks on its potential for growth and stability in an ever-evolving market.
