Computer Modelling Group (TSE:CMG) PT Raised to C$14.00 at BMO Capital Markets

Computer Modelling Group (TSE:CMG) had its price target boosted by BMO Capital Markets from C$13.00 to C$14.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. National Bankshares boosted their price objective on Computer Modelling Group from C$12.50 to C$14.00 and gave the company an outperform rating in a report on Friday, May 31st. CIBC set a C$13.50 price objective on Computer Modelling Group and gave the company an outperform rating in a report on Friday, May 24th. Cibc World Mkts upgraded Computer Modelling Group to a strong-buy rating in a report on Friday, May 24th. Acumen Capital boosted their price objective on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a buy rating in a report on Friday, May 24th. Finally, Raymond James set a C$15.00 price objective on Computer Modelling Group and gave the company an outperform rating in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of C$12.56.

Computer Modelling Group Price Performance

TSE:CMG opened at C$14.04 on Tuesday. Computer Modelling Group has a 52 week low of C$6.85 and a 52 week high of C$14.53. The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. The company has a market capitalization of C$1.14 billion, a P/E ratio of 48.41, a P/E/G ratio of 1.97 and a beta of 1.14. The stock’s fifty day moving average is C$12.81 and its two-hundred day moving average is C$11.04.

Computer Modelling Group (TSE:CMG) last posted 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. The company had revenue of C$32.29 million for the quarter, compared to the consensus estimate of C$31.30 million. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. Equities analysts expect that Computer Modelling Group will post 0.3502392 EPS for the current year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.20 annualized dividend and a yield of 1.42%. Computer Modelling Group’s payout ratio is 68.97%.

Insider Buying and Selling

In other news, Senior Officer Long X. Nghiem sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. In other news, Senior Officer Long X. Nghiem sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. Also, Director Kenneth Michael Dedeluk sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of C$10.60, for a total value of C$212,000.00. Insiders sold 173,400 shares of company stock valued at $2,185,133 in the last three months. 1.37% of the stock is owned by corporate 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.