Computer Modelling Group Ltd. (TSE:CMG) Receives C$13.89 Consensus PT from Analysts

Computer Modelling Group Ltd. (TSE:CMG) has earned an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$13.89.

Several brokerages have commented on CMG. 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. Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Monday, June 17th. Acumen Capital lifted their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. CIBC lifted their price objective on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday, August 8th. Finally, National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$12.05 on Thursday. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. Computer Modelling Group has a 52 week low of C$8.43 and a 52 week high of C$14.73. The stock has a market capitalization of C$986.29 million, a PE ratio of 43.04, a P/E/G ratio of 1.97 and a beta of 1.21. The firm has a 50 day moving average of C$12.32 and a two-hundred day moving average of C$12.11.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. The business had revenue of C$30.52 million during the quarter, compared to analysts’ expectations of C$31.14 million. On average, research analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.66%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Buying and Selling

In related news, Senior Officer Long X. Nghiem sold 5,200 shares of Computer Modelling Group 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. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of Computer Modelling Group stock in a transaction on 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 Computer Modelling Group stock in a transaction 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. 1.03% of the stock is owned by company 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.