Analysts Set Computer Modelling Group Ltd. (TSE:CMG) Price Target at C$13.39

Computer Modelling Group Ltd. (TSE:CMG) has been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$12.67.

Several research firms recently weighed in on CMG. Raymond James decreased their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a report on Wednesday. CIBC decreased their price target on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday. Ventum Financial decreased their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating on the stock in a report on Wednesday. Cibc World Mkts lowered Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$10.50, for a total value of C$105,000.00. Insiders have sold a total of 325,210 shares of company stock worth $3,533,366 over the last quarter. Company insiders own 1.03% of the company’s stock.

Computer Modelling Group Stock Down 3.4 %

TSE CMG opened at C$8.55 on Wednesday. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The company has a market capitalization of C$689.85 million, a P/E ratio of 28.19, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a one year low of C$8.54 and a one year high of C$14.73. The stock has a 50 day moving average price of C$10.43 and a 200-day moving average price of C$11.45.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%. As a group, equities analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.34%. Computer Modelling Group’s payout ratio is 65.95%.

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.