Computer Modelling Group Ltd. (TSE:CMG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Computer Modelling Group Ltd. (TSE:CMG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$13.89.

Several research analysts have weighed in on CMG shares. CIBC upped their price objective on shares of Computer Modelling Group from C$13.50 to C$15.00 in a report on Thursday, August 8th. 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. National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the stock an "outperform" rating in a research note on Wednesday, September 11th. Canaccord Genuity Group lifted their target price on Computer Modelling Group from C$12.00 to C$15.00 in a research report on Friday, July 26th. Finally, BMO Capital Markets increased their price target on Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th.

Computer Modelling Group Trading Up 1.8 %

CMG traded up C$0.21 during trading on Monday, reaching C$11.91. 107,523 shares of the stock traded hands, compared to its average volume of 118,726. The stock's 50-day moving average is C$11.94 and its 200 day moving average is C$12.24. Computer Modelling Group has a 12 month low of C$8.43 and a 12 month 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 stock has a market capitalization of C$974.83 million, a PE ratio of 42.00, a P/E/G ratio of 1.97 and a beta of 1.21.

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

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.68%. Computer Modelling Group's payout ratio is currently 71.43%.

Insider Activity at Computer Modelling Group

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. In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was 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 dated 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 currently owned by insiders.

Computer Modelling Group Company Profile

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.