Computer Modelling Group (TSE:CMG – Free Report) had its target price raised by Acumen Capital from C$12.00 to C$13.00 in a report released on Friday morning, BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.
CMG has been the subject of several other reports. Canaccord Genuity Group lifted their price objective on Computer Modelling Group from C$11.00 to C$12.00 and gave the company a buy rating in a report on Friday. National Bankshares set a C$12.50 price objective on Computer Modelling Group and gave the company an outperform rating in a research note on Thursday, January 25th. Finally, Barclays increased their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an underweight rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$11.75.
View Our Latest Report on Computer Modelling Group
Computer Modelling Group Trading Up 9.7 %
Computer Modelling Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Thursday, June 6th. Computer Modelling Group’s dividend payout ratio is currently 68.97%.
Insider Buying and Selling at Computer Modelling Group
In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$10.20, for a total transaction of C$204,000.00. In related news, Senior Officer Robert David Hicks sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$10.20, for a total value of C$204,000.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of Computer Modelling Group stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$10.10, for a total transaction of C$404,000.00. Over the last quarter, insiders have sold 196,000 shares of company stock worth $2,020,420. 1.37% of the stock is currently owned by company insiders.
About Computer Modelling Group
Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary 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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