Computer Modelling Group (TSE:CMG) Reaches New 52-Week High Following Analyst Upgrade

Shares of Computer Modelling Group Ltd. (TSE:CMG) reached a new 52-week high during trading on Wednesday after BMO Capital Markets raised their price target on the stock from C$11.50 to C$13.00. The stock traded as high as C$13.83 and last traded at C$13.74, with a volume of 54399 shares trading hands. The stock had previously closed at C$13.40.

CMG has been the subject of several other research reports. Echelon Wealth Partners upped their price objective on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research note 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. Raymond James set a C$15.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Monday, June 17th. Acumen Capital increased their target price on Computer Modelling Group from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Canaccord Genuity Group increased their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.44.

Insider Buying and Selling

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction dated Monday, May 27th. The stock was sold at an average price of C$12.15, for a total transaction of C$60,750.00. 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 stock was sold at an average price of C$13.10, for a total transaction of C$524,000.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction dated Monday, May 27th. The shares were sold at an average price of C$12.15, for a total value of C$60,750.00. In the last 90 days, insiders sold 183,400 shares of company stock valued at $2,265,333. 1.37% of the stock is owned by insiders.

Computer Modelling Group Stock Up 3.0 %

The company has a quick ratio of 2.25, a current ratio of 1.76 and a debt-to-equity ratio of 59.81. The company has a 50-day simple moving average of C$12.03 and a two-hundred day simple moving average of C$10.67. The stock has a market cap of C$1.12 billion, a P/E ratio of 47.41, a P/E/G ratio of 1.97 and a beta of 1.14.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Wednesday, May 22nd. The company reported C$0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of C$32.29 million for the quarter, compared to analysts’ expectations of C$31.30 million. On average, equities analysts forecast that Computer Modelling Group Ltd. will post 0.3502392 EPS for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, June 14th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. Computer Modelling Group’s dividend payout ratio (DPR) is presently 68.97%.

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.