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

Computer Modelling Group Ltd. (TSE:CMG) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$10.83.

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

Insider Buying and Selling

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00. In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of C$10.25, for a total value of C$102,500.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$10.10, for a total value of C$404,000.00. In the last ninety days, insiders have sold 186,000 shares of company stock valued at $1,904,920. 1.49% of the stock is owned by insiders.

Computer Modelling Group Stock Down 0.8 %

Shares of TSE CMG opened at C$10.39 on Thursday. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The company has a 50-day moving average price of C$10.04 and a 200-day moving average price of C$9.87. The stock has a market capitalization of C$843.98 million, a P/E ratio of 35.83, a P/E/G ratio of 1.97 and a beta of 1.15. Computer Modelling Group has a 1 year low of C$6.21 and a 1 year high of C$10.76.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.08. The business had revenue of C$33.01 million during the quarter, compared to the consensus estimate of C$31.65 million. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. On average, equities research analysts forecast that Computer Modelling Group will post 0.3501041 EPS 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. Stockholders of record on Friday, March 15th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. 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.