CIBC Boosts Computer Modelling Group (TSE:CMG) Price Target to C$15.00

Computer Modelling Group (TSE:CMG) had its target price hoisted by CIBC from C$13.50 to C$15.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

CMG has been the subject of a number of other research reports. National Bankshares increased their target price on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the company an outperform rating in a research report on Friday, May 31st. Cibc World Mkts raised shares of Computer Modelling Group to a strong-buy rating in a research note on Friday, May 24th. Echelon Wealth Partners lifted their target price on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the stock a buy rating in a research note on Friday, May 24th. BMO Capital Markets upped 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, Ventum Financial lifted their price objective on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a buy rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$13.45.

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$12.86 on Thursday. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. Computer Modelling Group has a 52 week low of C$6.85 and a 52 week high of C$14.73. The firm has a market cap of C$1.04 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The firm’s fifty day moving average is C$13.45 and its 200-day moving average is C$11.48.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, topping the consensus estimate of C$0.07 by C$0.02. The firm had revenue of C$32.29 million for the quarter, compared to the consensus estimate of C$31.30 million. Computer Modelling Group had a return on equity of 42.70% and a net margin of 25.10%. Sell-side analysts predict that Computer Modelling Group will post 0.3502392 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, September 5th will be issued a $0.05 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.20 annualized dividend and a yield of 1.56%. Computer Modelling Group’s payout ratio is currently 68.97%.

Insider Buying and Selling at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$12.15, for a total transaction of C$60,750.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 10,000 shares of Computer Modelling Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$13.50, for a total transaction of C$135,000.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The stock was sold at an average price of C$12.15, for a total value of C$60,750.00. Over the last quarter, insiders sold 143,400 shares of company stock valued at $1,865,633. Company insiders own 1.37% of the company’s stock.

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.