Computer Modelling Group (TSE:CMG) Price Target Lowered to C$5.00 at National Bank Financial

Computer Modelling Group (TSE:CMG) had its price objective reduced by National Bank Financial from C$6.00 to C$5.00 in a research report released on Monday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also issued reports on the company. Ventum Financial boosted their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. Raymond James Financial decreased their price objective on Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$6.05.

Computer Modelling Group Trading Down 2.2%

Computer Modelling Group stock opened at C$3.95 on Monday. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. The business’s 50-day simple moving average is C$4.04 and its 200-day simple moving average is C$4.75. The firm has a market capitalization of C$314.81 million, a PE ratio of 19.75, a PEG ratio of 1.97 and a beta of -0.65. Computer Modelling Group has a 52 week low of C$3.55 and a 52 week high of C$8.58.

Computer Modelling Group (TSE:CMG) last released its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 19.68% and a net margin of 13.54%.The business had revenue of C$32.69 million for the quarter. Equities research analysts forecast that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 13th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, March 5th. This represents a $0.04 annualized dividend and a dividend yield of 1.0%. Computer Modelling Group’s payout ratio is presently 60.00%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.