Computer Modelling Group Ltd. (TSE:CMG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Computer Modelling Group Ltd. (TSE:CMG) have received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$13.89.

A number of research firms have recently issued reports on CMG. Ventum Financial boosted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group boosted their price target on shares of Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. CIBC boosted their price target on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research note on Thursday, August 8th. Acumen Capital boosted their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Finally, National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total transaction of C$63,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of C$12.80, for a total transaction of C$66,560.00. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Price Performance

Shares of CMG stock opened at C$11.90 on Thursday. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The firm’s 50-day moving average is C$12.29 and its two-hundred day moving average is C$12.11. Computer Modelling Group has a 12 month low of C$8.43 and a 12 month high of C$14.73. The company has a market capitalization of C$974.02 million, a PE ratio of 42.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). The firm had revenue of C$30.52 million for the quarter, compared to analysts’ expectations of C$31.14 million. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. Analysts predict that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 71.43%.

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.