BMO Capital Markets Raises Computer Modelling Group (TSE:CMG) Price Target to C$13.00

Computer Modelling Group (TSE:CMG) had its price target raised by investment analysts at BMO Capital Markets from C$11.50 to C$13.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential downside of 7.34% from the company’s previous close.

Several other analysts have also recently commented on the stock. CIBC set a C$13.50 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Friday, May 24th. National Bankshares raised their target price on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, May 31st. Acumen Capital raised 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 report on Friday, May 24th. Cibc World Mkts upgraded shares of Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. Finally, Raymond James set a C$15.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and an average target price of C$12.44.

Computer Modelling Group Stock Up 2.0 %

CMG stock opened at C$14.03 on Wednesday. Computer Modelling Group has a one year low of C$6.55 and a one year high of C$14.11. The stock has a market capitalization of C$1.14 billion, a PE ratio of 48.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. The company has a fifty day moving average of C$12.17 and a 200-day moving average of C$10.71.

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

Insider Activity at Computer Modelling Group

In related news, Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total value of C$127,300.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,000 shares of Computer Modelling Group stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$12.70, for a total transaction of C$63,500.00. Also, Senior Officer Anjani Kumar sold 10,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total transaction of C$127,300.00. Over the last three months, insiders sold 193,400 shares of company stock worth $2,392,633. 1.37% of the stock is owned by company insiders.

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.