Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$12.89

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$13.10.

CMG has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Computer Modelling Group from C$12.00 to C$15.00 in a report on Friday, July 26th. Ventum Financial upped their target price on Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday. National Bankshares upped their target price on Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Raymond James set a C$15.00 target price on Computer Modelling Group and gave the company an “outperform” rating in a research report on Monday, June 17th. Finally, CIBC set a C$13.50 target price on Computer Modelling Group and gave the company an “outperform” rating in a research report on Friday, May 24th.

Insiders Place Their Bets

In other news, Senior Officer Anjani Kumar sold 10,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total value of C$127,300.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,000 shares of the stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$12.15, for a total transaction of C$60,750.00. Also, Senior Officer Anjani Kumar sold 10,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total value of C$127,300.00. Insiders sold 143,400 shares of company stock worth $1,865,633 over the last three months. Insiders own 1.37% of the company’s stock.

Computer Modelling Group Stock Performance

CMG opened at C$13.77 on Friday. The business’s 50-day moving average price is C$13.39 and its two-hundred day moving average price is C$11.31. Computer Modelling Group has a 1 year low of C$6.85 and a 1 year high of C$14.73. The company has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 47.48, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. The business had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. Equities analysts expect that Computer Modelling Group will post 0.3502392 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s payout ratio is presently 68.97%.

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.