Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Target Price at C$13.39

Computer Modelling Group Ltd. (TSE:CMG) has received a consensus rating of “Hold” from the nine research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$12.67.

Several equities analysts have issued reports on CMG shares. CIBC lowered their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a research note on Wednesday. Ventum Financial lowered their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a research note on Wednesday. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and lowered their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Raymond James lowered their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, BMO Capital Markets lowered their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th.

Computer Modelling Group Stock Down 3.4 %

Computer Modelling Group stock opened at C$8.55 on Wednesday. The firm has a market cap of C$689.85 million, a price-to-earnings ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.21. The stock has a fifty day simple moving average of C$10.43 and a two-hundred day simple moving average of C$11.45. Computer Modelling Group has a 12 month low of C$8.54 and a 12 month high of C$14.73. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%. Equities analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.34%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 65.95%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Sandra Balic sold 148,110 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total value of C$1,645,724.27. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. In the last ninety days, insiders sold 325,210 shares of company stock worth $3,533,366. 1.03% 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.