Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$12.28.

CMG has been the subject of several research reports. Canaccord Genuity Group lifted their price target on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. National Bankshares lifted their price target on Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Cibc World Mkts raised Computer Modelling Group to a “strong-buy” rating in a research note on Friday, May 24th. Echelon Wealth Partners lifted their price target on Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, Acumen Capital boosted their target price on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday, May 24th.

Computer Modelling Group Price Performance

Shares of TSE CMG opened at C$13.19 on Tuesday. The firm has a market capitalization of C$1.07 billion, a P/E ratio of 45.48, a PEG ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a one year low of C$6.38 and a one year high of C$13.75. The company’s fifty day moving average is C$11.97 and its two-hundred day moving average is C$10.64. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76.

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

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s dividend payout ratio is currently 68.97%.

Insider Activity

In other news, Senior Officer Robert David Hicks sold 10,000 shares of the company’s stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$12.25, for a total transaction of C$122,500.00. In other news, Senior Officer Robert David Hicks sold 10,000 shares of the business’s stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$12.25, for a total transaction of C$122,500.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of C$12.70, for a total value of C$63,500.00. Insiders sold a total of 183,400 shares of company stock valued at $2,265,333 in the last 90 days. 1.37% of the stock is currently owned by 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.