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

Computer Modelling Group (TSE:CMG) had its price target lifted by Ventum Financial from C$13.00 to C$15.00 in a report released on Wednesday, BayStreet.CA reports. Ventum Financial currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. CIBC set a C$13.50 price target on Computer Modelling Group and gave the company an outperform rating in a research note on Friday, May 24th. Acumen Capital increased their price target on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a buy rating in a research note on Friday, May 24th. Echelon Wealth Partners raised their price objective on 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. Cibc World Mkts upgraded Computer Modelling Group to a strong-buy rating in a research note on Friday, May 24th. Finally, Canaccord Genuity Group raised their price objective on Computer Modelling Group from C$12.00 to C$15.00 in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Computer Modelling Group has an average rating of Moderate Buy and an average target price of C$13.10.

Computer Modelling Group Trading Down 5.5 %

Computer Modelling Group stock opened at C$13.77 on Wednesday. The stock has a 50-day moving average of C$13.39 and a two-hundred day moving average of C$11.31. 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 one year low of C$6.85 and a one year high of C$14.73. The stock has a market cap of C$1.12 billion, a PE ratio of 47.48, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

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

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Thursday, June 6th. Computer Modelling Group’s payout ratio is presently 68.97%.

Insider Buying and Selling at Computer Modelling Group

In other Computer Modelling Group news, 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. In other Computer Modelling Group news, Senior Officer Anjani Kumar sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of C$12.73, for a total value of C$127,300.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 27th. The shares were sold at an average price of C$12.15, for a total value of C$60,750.00. Over the last ninety days, insiders sold 143,400 shares of company stock valued at $1,865,633. 1.37% of the stock is owned by company 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.