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

Computer Modelling Group Ltd. (TSE:CMG) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$13.89.

A number of equities analysts have recently weighed in on CMG shares. Ventum Financial upped their target price on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. BMO Capital Markets lifted their price objective on shares of Computer Modelling Group from C$13.00 to C$14.00 in a report on Tuesday, July 16th. CIBC upped their target price on shares of Computer Modelling Group from C$13.50 to C$15.00 in a report on Thursday, August 8th. Finally, National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th.

Computer Modelling Group Trading Up 1.3 %

CMG opened at C$12.05 on Thursday. The company has a fifty day moving average price of C$12.29 and a two-hundred day moving average price of C$12.11. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company has a market cap of C$986.29 million, a P/E ratio of 43.04, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$31.14 million. Analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.66%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Activity

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$12.80, for a total value of C$66,560.00. In related news, Senior Officer Long X. Nghiem sold 5,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total value of C$63,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total value of C$66,560.00. 1.03% of the stock is currently owned by corporate insiders.

About Computer Modelling Group

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.