Computer Modelling Group Ltd. (TSE:CMG) Receives C$10.83 Average Target Price from Brokerages

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

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

Computer Modelling Group Price Performance

Shares of CMG opened at C$10.47 on Thursday. The company has a 50 day moving average of C$10.01 and a two-hundred day moving average of C$9.85. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. Computer Modelling Group has a twelve month low of C$6.21 and a twelve month high of C$10.76. The company has a market cap of C$850.48 million, a price-to-earnings ratio of 36.10, a price-to-earnings-growth ratio of 1.97 and a beta of 1.15.

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

Computer Modelling Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.20 annualized dividend and a yield of 1.91%. Computer Modelling Group’s dividend payout ratio (DPR) is currently 68.97%.

Insider Buying and Selling at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$10.00, for a total transaction of C$100,000.00. In related news, Senior Officer Robert David Hicks sold 16,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$10.37, for a total value of C$165,920.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$10.00, for a total transaction of C$100,000.00. Insiders sold 186,000 shares of company stock valued at $1,904,920 over the last quarter. 1.49% of the stock is currently owned by insiders.

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.