Computer Modelling Group (TSE:CMG) Given New C$15.00 Price Target at Acumen Capital

Computer Modelling Group (TSE:CMG) had its target price raised by Acumen Capital from C$13.00 to C$15.00 in a research note released on Friday, BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Raymond James set a C$15.00 price target on Computer Modelling Group and gave the stock an outperform rating in a research note on Monday, June 17th. Echelon Wealth Partners upped their price target on Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a buy rating in a research note on Friday, May 24th. BMO Capital Markets upped their price target on Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. National Bankshares upped their price target on 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. Finally, Cibc World Mkts upgraded Computer Modelling Group to a strong-buy rating in a research note on Friday, May 24th. One analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$13.45.

Computer Modelling Group Stock Performance

Shares of CMG stock traded up C$0.32 during trading hours on Friday, hitting C$12.86. The stock had a trading volume of 118,648 shares, compared to its average volume of 115,348. The firm has a market capitalization of C$1.04 billion, a PE ratio of 44.34, a PEG ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a twelve month low of C$6.85 and a twelve month high of C$14.73. The stock’s 50 day moving average is C$13.45 and its 200 day moving average is C$11.47. 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 posted its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 earnings per share for the quarter, beating the consensus estimate of C$0.07 by C$0.02. The business had revenue of C$32.29 million during 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%. As a group, research analysts forecast that Computer Modelling Group will post 0.3502392 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, September 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, September 5th. Computer Modelling Group’s payout ratio is 68.97%.

Insiders Place Their Bets

In other news, Senior Officer Robert David Hicks sold 10,000 shares of the firm’s stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$12.25, for a total value of C$122,500.00. In other news, Senior Officer Robert David Hicks sold 10,000 shares of the firm’s stock in a transaction on Monday, May 27th. The stock was sold at an average price of C$12.25, for a total value of C$122,500.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the firm’s stock in a transaction on Monday, May 27th. The shares were sold at an average price of C$12.15, for a total value of C$60,750.00. Over the last quarter, insiders sold 143,400 shares of company stock worth $1,865,633. 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.