Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.89

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$13.89.

Several research analysts have issued reports on the company. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Echelon Wealth Partners raised their price objective on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. BMO Capital Markets upped their target price on shares of Computer Modelling Group from C$13.00 to C$14.00 in a report on Tuesday, July 16th. Ventum Financial lifted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Monday, June 17th.

Insiders Place Their Bets

In related news, Senior Officer Anjani Kumar sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total transaction of C$127,300.00. In related news, Senior Officer Anjani Kumar sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total transaction of C$127,300.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of Computer Modelling Group stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. In the last quarter, insiders sold 25,200 shares of company stock worth $320,360. Corporate insiders own 1.04% of the company’s stock.

Computer Modelling Group Stock Up 1.4 %

Shares of Computer Modelling Group stock opened at C$11.71 on Friday. Computer Modelling Group has a twelve month low of C$7.98 and a twelve month high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The company’s 50 day moving average is C$13.03 and its 200 day moving average is C$11.96. The company has a market cap of C$958.46 million, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. The firm had revenue of C$30.52 million for the quarter, compared to the consensus estimate of C$31.14 million. Research analysts anticipate that Computer Modelling Group will post 0.3047322 EPS for the current year.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.