Computer Modelling Group Ltd. (TSE:CMG) Receives C$8.90 Consensus PT from Analysts

by · The Markets Daily

Computer Modelling Group Ltd. (TSE:CMG – Get Free Report) has received a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$8.90.

Several brokerages have commented on CMG. National Bankshares set a C$6.00 price target on shares of Computer Modelling Group and gave the company a “sector perform” rating in a research report on Thursday, December 18th. Canadian Imperial Bank of Commerce lowered their target price on Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Ventum Financial raised Computer Modelling Group from a “neutral” rating to a “buy” rating in a research report on Thursday, November 13th. Ventum Cap Mkts upgraded Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, BMO Capital Markets cut their target price on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th.

Get Our Latest Stock Report on Computer Modelling Group

Computer Modelling Group Trading Up 0.6%

CMG opened at C$4.77 on Friday. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The firm has a market cap of C$394.62 million, a P/E ratio of 19.08, a P/E/G ratio of 1.97 and a beta of -0.64. Computer Modelling Group has a 52 week low of C$4.40 and a 52 week high of C$10.89. The business has a fifty day simple moving average of C$5.07 and a 200-day simple moving average of C$5.69.

Computer Modelling Group (TSE:CMG – Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%.The company had revenue of C$32.69 million during the quarter. On average, equities analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 64.00%.

About Computer Modelling Group

(Get Free Report)

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

Read More