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

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

Several equities research analysts have issued reports on CMG shares. Raymond James set a C$15.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Monday, June 17th. Canaccord Genuity Group raised their target price on Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. Acumen Capital raised their target price on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. BMO Capital Markets raised their target price on Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th.

Computer Modelling Group Trading Down 0.9 %

CMG opened at C$11.61 on Friday. The stock has a market capitalization of C$950.28 million, a PE ratio of 41.46, a P/E/G ratio of 1.97 and a beta of 1.23. Computer Modelling Group has a one year low of C$7.98 and a one year high of C$14.73. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The business’s 50 day moving average price is C$12.98 and its 200 day moving average price is C$11.96.

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

Computer Modelling Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insiders Place Their Bets

In related news, Senior Officer Long X. Nghiem sold 5,200 shares of the 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 other news, Senior Officer Long X. Nghiem sold 5,000 shares of the business’s 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 transaction of C$63,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the 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. Insiders sold 25,200 shares of company stock worth $320,360 in the last 90 days. Corporate insiders own 1.04% of the company’s stock.

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.