Computer Modelling Group Ltd. (TSE:CMG) Given Average Rating of “Moderate Buy” by Analysts

Shares of Computer Modelling Group Ltd. (TSE:CMG) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$10.83.

Several research analysts have weighed in on CMG shares. National Bankshares set a C$12.50 price target on Computer Modelling Group and gave the company an “outperform” rating in a report on Thursday, January 25th. Canaccord Genuity Group lifted their price objective on Computer Modelling Group from C$10.50 to C$11.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Barclays increased their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 20th.

Insider Activity at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$10.00, for a total value of C$100,000.00. In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$10.00, for a total value of C$100,000.00. Also, Senior Officer Robert David Hicks sold 20,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$10.20, for a total transaction of C$204,000.00. Over the last 90 days, insiders have sold 176,000 shares of company stock worth $1,799,920. 1.49% of the stock is owned by insiders.

Computer Modelling Group Trading Up 0.8 %

Shares of CMG stock opened at C$10.39 on Thursday. The company has a market capitalization of C$843.98 million, a price-to-earnings ratio of 35.83, a PEG ratio of 1.97 and a beta of 1.15. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The firm has a 50-day moving average price of C$9.94 and a 200 day moving average price of C$9.82. Computer Modelling Group has a twelve month low of C$6.21 and a twelve month high of C$10.76.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.08. The business had revenue of C$33.01 million during the quarter, compared to analyst estimates of C$31.65 million. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. Research analysts forecast that Computer Modelling Group will post 0.3501041 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 15th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.92%. Computer Modelling Group’s payout ratio is 68.97%.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.