Brokerages Set Computer Modelling Group Ltd. (TSE:CMG) PT at C$10.83

Computer Modelling Group Ltd. (TSE:CMG) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$10.83.

Several research analysts recently issued reports on the stock. National Bankshares set a C$12.50 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Barclays upped their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th. Finally, Canaccord Genuity Group raised their price target on shares of Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a report on Friday, February 9th.

Insider Transactions at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of C$10.50, for a total value of C$105,000.00. In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$10.10, for a total transaction of C$404,000.00. Insiders have sold 186,000 shares of company stock worth $1,904,920 in the last three months. Insiders own 1.49% of the company’s stock.

Computer Modelling Group Trading Down 0.8 %

Shares of Computer Modelling Group stock opened at C$10.39 on Thursday. The stock has a market capitalization of C$843.98 million, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15. Computer Modelling Group has a 12-month low of C$6.21 and a 12-month high of C$10.76. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. The company has a 50-day simple moving average of C$10.04 and a 200 day simple moving average of C$9.87.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.08. The firm had revenue of C$33.01 million during the quarter, compared to analysts’ expectations of C$31.65 million. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. Research analysts expect that Computer Modelling Group will post 0.3501041 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 6th. Computer Modelling Group’s payout ratio is 68.97%.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.