Computer Modelling Group Ltd. (TSE:CMG) Receives Average Rating of "Moderate Buy" from Analysts

Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) has earned an average rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$13.89.

Several research firms have issued reports on CMG. Ventum Financial lifted their price target on Computer Modelling Group from C$13.00 to C$15.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the company an "outperform" rating in a report on Monday, June 17th. Acumen Capital raised their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th. Finally, National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the company an "outperform" rating in a research report on Wednesday, September 11th.

Computer Modelling Group Price Performance

The firm has a market cap of C$973.20 million, a price-to-earnings ratio of 42.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a fifty-two week low of C$8.43 and a fifty-two week high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The company has a 50-day moving average price of C$12.36 and a two-hundred day moving average price of C$12.09.

Computer Modelling Group (TSE:CMG - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing the consensus estimate of C$0.06 by C($0.01). Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. The business had revenue of C$30.52 million for the quarter, compared to the consensus estimate of C$31.14 million. Research analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of ∞. Computer Modelling Group's dividend payout ratio (DPR) is presently 71.43%.

Insider Transactions at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total transaction of C$63,000.00. In other news, Senior Officer Long X. Nghiem sold 5,000 shares of Computer Modelling Group stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total value of C$63,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$12.80, for a total value of C$66,560.00. 1.03% 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.