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

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

Several other equities research analysts have also commented on CMG. CIBC upped their price target on shares of Computer Modelling Group from C$13.50 to C$15.00 in a research report on Thursday, August 8th. Echelon Wealth Partners increased 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 report on Friday, May 24th. BMO Capital Markets increased their target price on shares of Computer Modelling Group from C$13.00 to C$14.00 in a report on Tuesday, July 16th. Cibc World Mkts raised shares of Computer Modelling Group to a strong-buy rating in a report on Friday, May 24th. Finally, Acumen Capital upped their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$13.89.

Computer Modelling Group Price Performance

TSE CMG opened at C$11.71 on Wednesday. Computer Modelling Group has a 52 week low of C$7.98 and a 52 week high of C$14.73. The company has a market cap of C$958.46 million, a PE ratio of 41.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.23. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The firm’s 50-day simple moving average is C$13.21 and its two-hundred day simple moving average is C$11.90.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.01). Computer Modelling Group had a net margin of 19.69% and a return on equity of 36.56%. The company had revenue of C$30.52 million during the quarter, compared to analysts’ expectations of C$31.14 million. Research analysts predict that Computer Modelling Group will post 0.3047322 earnings per share for the current year.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were given a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.71%. Computer Modelling Group’s payout ratio is presently 71.43%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the company’s stock in a transaction that occurred on 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 related news, Senior Officer Long X. Nghiem sold 5,200 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total transaction of C$66,560.00. Also, Senior Officer Anjani Kumar sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of C$12.73, for a total transaction of C$127,300.00. Insiders sold 25,200 shares of company stock valued at $320,360 over the last 90 days. Insiders own 1.04% 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.