Computer Modelling Group Ltd. (TSE:CMG) has received an average recommendation of “Moderate Buy” from six analysts currently covering the stock, according to Marketbeat.com. This assessment stems from a mix of ratings, with three analysts advising a hold, two recommending a buy, and one suggesting a strong buy. The consensus twelve-month target price for the stock stands at C$8.90.
Several brokerages have provided insights into their evaluations of Computer Modelling Group. On November 12, National Bankshares set a target price of C$6.00, categorizing the stock as a “sector perform.” Meanwhile, Ventum Capital Markets upgraded its rating from hold to strong buy on the same day. In contrast, BMO Capital Markets reduced its target price from C$7.00 to C$6.00, also on November 12. Additionally, CIBC decreased its target price from C$6.50 to C$5.50 in a report released on November 13.
Dividend Announcement and Company Overview
In a recent development, Computer Modelling Group declared a quarterly dividend of C$0.01 per share, which was distributed on December 15, 2023. Shareholders of record on this date received the dividend, while the ex-dividend date was set for December 5. This results in an annualized dividend of C$0.04 and a yield of 0.8%. The company’s dividend payout ratio currently stands at 64.00%.
Computer Modelling Group Ltd. is headquartered in Canada and specializes in providing reservoir simulation software tailored for the oil and gas industry. The company’s offerings include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, as well as post-processor visualization. Additional capabilities encompass compositional simulation, thermal processes simulation, and fluid property characterization.
As analysts continue to evaluate Computer Modelling Group, the mixed recommendations and recent dividend announcement reflect the ongoing interest in the company’s stock performance within the market.
