Computer Modelling Group (TSE:CMG) Reaches New 1-Year High After Analyst Upgrade

Computer Modelling Group Ltd. (TSE:CMG) shares hit a new 52-week high during mid-day trading on Wednesday after BMO Capital Markets raised their price target on the stock from C$11.50 to C$13.00. The company traded as high as C$13.83 and last traded at C$13.74, with a volume of 54399 shares trading hands. The stock had previously closed at C$13.40.

CMG has been the subject of several other reports. Raymond James set a C$15.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Monday, June 17th. Canaccord Genuity Group raised their price target on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. CIBC set a C$13.50 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Friday, May 24th. Acumen Capital raised their price target on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Finally, National Bankshares raised their price target on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.44.

Insider Activity

In other news, Senior Officer Long X. Nghiem sold 40,000 shares of Computer Modelling Group 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 transaction of C$524,000.00. In related news, Senior Officer Long X. Nghiem sold 40,000 shares of Computer Modelling Group stock in a transaction 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. Also, Senior Officer Robert David Hicks sold 10,000 shares of Computer Modelling Group stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$12.25, for a total transaction of C$122,500.00. Insiders have sold 183,400 shares of company stock worth $2,265,333 over the last 90 days. Company insiders own 1.37% of the company’s stock.

Computer Modelling Group Trading Up 2.6 %

The stock has a market cap of C$1.12 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 1.97 and a beta of 1.14. The business’s fifty day simple moving average is C$12.09 and its 200 day simple moving average is C$10.69. 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 released its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, topping analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million during the quarter, compared to the consensus estimate of C$31.30 million. On average, research analysts predict that Computer Modelling Group Ltd. will post 0.3502392 EPS for the current year.

Computer Modelling Group Announces Dividend

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

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.