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

Computer Modelling Group Ltd. (TSE:CMGGet Free Report) 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.

Get Our Latest Stock Report on Computer Modelling Group

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:CMGGet Free Report) 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

(Get Free Report

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.

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Analyst Recommendations for Computer Modelling Group (TSE:CMG)

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