Computer Modelling Group (TSE:CMG) Price Target Increased to C$13.00 by Analysts at BMO Capital Markets

Computer Modelling Group (TSE:CMG) had its price target raised by BMO Capital Markets from C$11.50 to C$13.00 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Several other equities analysts have also recently issued reports on CMG. CIBC set a C$13.50 price objective on Computer Modelling Group and gave the company an outperform rating in a research note on Friday, May 24th. Canaccord Genuity Group boosted their price objective on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a buy rating in a research report on Friday, May 24th. National Bankshares boosted their price objective on Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an outperform rating in a research report on Friday, May 31st. Acumen Capital boosted their price objective on Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a buy rating in a research report on Friday, May 24th. Finally, Echelon Wealth Partners boosted their price objective on Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a buy rating in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$12.44.

Computer Modelling Group Stock Performance

Shares of Computer Modelling Group stock opened at C$13.75 on Wednesday. The business has a 50-day moving average of C$12.09 and a 200 day moving average of C$10.69. Computer Modelling Group has a 12 month low of C$6.38 and a 12 month high of C$13.83. The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. The company had revenue of C$32.29 million during the quarter, compared to analysts’ expectations of C$31.30 million. As a group, sell-side analysts forecast that Computer Modelling Group will post 0.3502392 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is 68.97%.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$12.15, for a total value of C$60,750.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$12.15, for a total value of C$60,750.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of C$13.10, for a total value of C$524,000.00. Over the last quarter, insiders sold 183,400 shares of company stock worth $2,265,333. 1.37% of the stock is owned by insiders.

About Computer Modelling Group

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.