Computer Modelling Group (TSE:CMG) Given a C$14.00 Price Target by National Bankshares Analysts

National Bankshares set a C$14.00 price objective on Computer Modelling Group (TSE:CMG) in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other brokerages also recently commented 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. CIBC increased their price target on Computer Modelling Group from C$13.50 to C$15.00 in a research note on Thursday, August 8th. Acumen Capital raised their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. Ventum Financial upped their target price on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price target on Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$13.89.

Computer Modelling Group Trading Up 2.7 %

Shares of CMG opened at C$11.72 on Wednesday. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. Computer Modelling Group has a 52-week low of C$7.98 and a 52-week high of C$14.73. The firm has a market cap of C$959.28 million, a price-to-earnings ratio of 41.86, a PEG ratio of 1.97 and a beta of 1.23. The business’s fifty day moving average is C$13.28 and its 200-day moving average is C$11.89.

Computer Modelling Group (TSE:CMG) last released its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) 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 net margin of 19.69% and a return on equity of 36.56%. Equities analysts anticipate that Computer Modelling Group will post 0.3047322 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, September 13th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Thursday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Activity

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$13.00, for a total value of C$130,000.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$13.00, for a total value of C$130,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. In the last three months, insiders have sold 35,200 shares of company stock valued at $450,360. 1.04% of the stock is currently owned by 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.