Computer Modelling Group (TSE:CMG) Price Target Raised to C$6.75 at Ventum Financial

Computer Modelling Group (TSE:CMG) had its price target raised by Ventum Financial from C$6.50 to C$6.75 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Raymond James Financial lowered 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 research report on Wednesday, February 11th. National Bank Financial set a C$6.00 target price on shares of Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.25.

Computer Modelling Group Trading Up 3.5%

Computer Modelling Group stock opened at C$3.80 on Thursday. The stock has a 50-day simple moving average of C$4.29 and a 200 day simple moving average of C$5.10. The stock has a market capitalization of C$302.85 million, a P/E ratio of 19.00, a PEG ratio of 1.97 and a beta of -0.67. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. 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 issued its quarterly earnings data on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. The company had revenue of C$32.69 million for the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. Analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The company also recently disclosed 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. This represents a $0.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, March 5th. Computer Modelling Group’s payout ratio is currently 60.00%.

About Computer Modelling Group

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.