Computer Modelling Group (TSE:CMG) PT Raised to C$13.00 at BMO Capital Markets

Computer Modelling Group (TSE:CMG) had its price objective hoisted by equities research analysts at BMO Capital Markets from C$11.50 to C$13.00 in a research report issued on Wednesday, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential downside of 7.34% from the company’s current price.

A number of other research firms also recently issued reports on CMG. Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Monday, June 17th. Echelon Wealth Partners increased their target price on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Acumen Capital increased their target price on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Friday, May 24th. Cibc World Mkts raised shares of Computer Modelling Group to a “strong-buy” rating in a research report on Friday, May 24th. Finally, CIBC set a C$13.50 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average price target of C$12.44.

Computer Modelling Group Price Performance

Shares of CMG stock opened at C$14.03 on Wednesday. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The company’s 50-day simple moving average is C$12.17 and its two-hundred day simple moving average is C$10.71. Computer Modelling Group has a one year low of C$6.55 and a one year high of C$14.11. The company has a market capitalization of C$1.14 billion, a P/E ratio of 48.38, a P/E/G ratio of 1.97 and a beta of 1.14.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.07 by C$0.02. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. The firm had revenue of C$32.29 million for the quarter, compared to the consensus estimate of C$31.30 million. As a group, equities analysts anticipate that Computer Modelling Group will post 0.3502392 EPS for the current year.

Insider Buying and Selling

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00. In other news, Senior Officer Long X. Nghiem sold 40,000 shares of Computer Modelling Group stock in a transaction dated Friday, May 31st. The shares were sold at an average price of C$13.10, for a total value of C$524,000.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$10.25, for a total transaction of C$102,500.00. Insiders sold a total of 193,400 shares of company stock valued at $2,392,633 over the last 90 days. Insiders own 1.37% of the company’s stock.

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.