Computer Modelling Group Ltd. (TSE:CMG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$10.83.

Several research firms recently commented on CMG. Canaccord Genuity Group increased their price target on Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a report on Friday, February 9th. National Bankshares set a C$12.50 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Barclays boosted their price target on shares of 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.

Computer Modelling Group Stock Performance

TSE:CMG opened at C$10.39 on Thursday. The company has a market cap of C$843.98 million, a P/E ratio of 35.83, a P/E/G ratio of 1.97 and a beta of 1.15. Computer Modelling Group has a twelve month low of C$6.21 and a twelve month high of C$10.76. The company’s 50-day moving average price is C$9.94 and its 200-day moving average price is C$9.82. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, meeting analysts’ consensus estimates of C$0.08. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The company had revenue of C$33.01 million during the quarter, compared to the consensus estimate of C$31.65 million. On average, sell-side analysts forecast that Computer Modelling Group will post 0.3501041 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 6th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00. In related news, 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. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total value of C$102,500.00. In the last ninety days, insiders sold 176,000 shares of company stock worth $1,799,920. 1.49% of the stock is currently owned by company insiders.

Computer Modelling Group Company Profile

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.