Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus rating of “Moderate Buy” from six analysts covering the company, according to MarketBeat Ratings. This outlook comes as three analysts assigned a hold rating, while two provided a buy rating and one issued a strong buy rating for the stock. The average target price for the next year stands at C$8.90.
In recent evaluations, several firms adjusted their price targets for Computer Modelling Group. BMO Capital Markets decreased its price objective from C$7.00 to C$6.00 in a report released on November 12, 2023. Similarly, National Bankshares set a price target of C$6.00 and rated the company as “sector perform” on November 14, 2023. CIBC also lowered its target from C$6.50 to C$5.50 in a research note published on November 13, 2023.
In a more positive shift, Ventum Financial upgraded the stock from a “neutral” to a “buy” rating, while Ventum Capital Markets elevated its rating from “hold” to “strong buy” in separate reports on November 12, 2023. These assessments reflect a broader interest in the company’s performance within the oil and gas sector.
Dividend Announcement and Financial Overview
Computer Modelling Group recently announced a quarterly dividend of $0.01, which was paid on December 15, 2023, to investors recorded as of that date. This translates to an annualized dividend of $0.04 and a dividend yield of 0.8%. The ex-dividend date for this payment was December 5, 2023, and the company currently holds a payout ratio of 64.00%.
Founded in Canada, Computer Modelling Group Ltd. specializes in reservoir simulation software tailored for the oil and gas industry. Their offerings include a range of advanced capabilities such as integrated analysis and optimization, black oil and unconventional simulation, and thermal processes simulation.
As the company continues to navigate the complexities of the energy sector, these ratings and dividend announcements may influence investor sentiment and market performance. Analysts remain attentive to future developments, suggesting a keen interest in the company’s strategic directions and financial health.
