Computer Modelling Group (TSE:CMG) Given a C$14.00 Price Target at National Bankshares

National Bankshares set a C$14.00 price target on Computer Modelling Group (TSE:CMG) in a report published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. 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. Cibc World Mkts upgraded shares of Computer Modelling Group to a strong-buy rating in a report on Friday, May 24th. Acumen Capital raised their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Ventum Financial raised their price target on shares of Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. Finally, CIBC raised 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$13.89.

Computer Modelling Group Price Performance

TSE CMG opened at C$11.71 on Wednesday. The company has a market cap of C$958.46 million, a PE ratio of 41.82, a P/E/G ratio of 1.97 and a beta of 1.23. Computer Modelling Group has a 52-week low of C$7.98 and a 52-week high of C$14.73. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The firm’s 50 day moving average price is C$13.16 and its 200-day moving average price is C$11.90.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.06 by C($0.01). The company had revenue of C$30.52 million during the quarter, compared to analyst estimates of C$31.14 million. Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. Sell-side analysts forecast that Computer Modelling Group will post 0.3047322 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio (DPR) is currently 71.43%.

Insider Activity

In other Computer Modelling Group news, Senior Officer Anjani Kumar sold 10,000 shares of Computer Modelling Group stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total value of C$127,300.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the company’s stock in a transaction 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. Also, Senior Officer Anjani Kumar sold 10,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total transaction of C$127,300.00. Insiders sold a total of 25,200 shares of company stock valued at $320,360 in the last quarter. Company insiders own 1.04% of the company’s stock.

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.