Computer Modelling Group (TSE:CMG) Given New C$11.00 Price Target at Canaccord Genuity Group

Computer Modelling Group (TSE:CMGFree Report) had its price objective upped by Canaccord Genuity Group from C$10.50 to C$11.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on CMG. Echelon Wealth Partners restated a buy rating on shares of Computer Modelling Group in a research note on Tuesday, November 14th. National Bankshares set a C$12.50 price objective on Computer Modelling Group and gave the stock an outperform rating in a research report on Thursday, January 25th. BMO Capital Markets upped their price objective on Computer Modelling Group from C$10.00 to C$11.50 and gave the stock a market perform rating in a research report on Tuesday, November 14th. Finally, Barclays lowered their price objective on Computer Modelling Group from C$9.00 to C$8.00 and set an underweight rating on the stock in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$10.67.

Read Our Latest Analysis on Computer Modelling Group

Computer Modelling Group Stock Performance

CMG stock opened at C$9.03 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.51 and a debt-to-equity ratio of 64.85. The business’s fifty day simple moving average is C$9.84 and its two-hundred day simple moving average is C$9.22. The firm has a market cap of C$730.80 million, a price-to-earnings ratio of 30.10, a PEG ratio of 1.97 and a beta of 1.13. 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:CMGGet Free Report) last announced its earnings results on Wednesday, February 7th. The company reported C$0.08 EPS for the quarter, hitting analysts’ consensus estimates of C$0.08. The business had revenue of C$33.01 million during the quarter, compared to the consensus estimate of C$31.65 million. Computer Modelling Group had a net margin of 30.10% and a return on equity of 46.60%. Analysts predict that Computer Modelling Group will post 0.3795754 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, March 7th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, March 6th. Computer Modelling Group’s payout ratio is currently 66.67%.

Insider Transactions at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of C$10.25, for a total value of C$102,500.00. Also, Senior Officer Sandra Balic sold 33,300 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of C$9.99, for a total value of C$332,623.71. In the last ninety days, insiders sold 89,500 shares of company stock worth $901,096. 1.48% of the stock is currently owned by company insiders.

About Computer Modelling Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Computer Modelling Group (TSE:CMG)

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