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

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$13.89.

CMG has been the topic of several analyst reports. Acumen Capital raised their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. Ventum Financial raised their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. CIBC raised their price target on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday, August 8th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. Finally, Canaccord Genuity Group raised their price target on shares of Computer Modelling Group from C$12.00 to C$15.00 in a research report on Friday, July 26th.

Insider Activity

In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total value of C$63,000.00. In other news, Senior Officer Long X. Nghiem sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$12.80, for a total value of C$66,560.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total transaction of C$63,000.00. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Down 0.7 %

TSE:CMG opened at C$11.90 on Thursday. The firm has a market capitalization of C$974.02 million, a P/E ratio of 42.54, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The company’s fifty day moving average price is C$12.29 and its 200-day moving average price is C$12.11. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The business had revenue of C$30.52 million during 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 anticipate that Computer Modelling Group will post 0.3055122 EPS for the current year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were given a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Computer Modelling Group’s dividend payout ratio (DPR) is 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.