Computer Modelling Group (TSE:CMG) Price Target Raised to C$13.00 at Echelon Wealth Partners

Computer Modelling Group (TSE:CMG) had its price target hoisted by Echelon Wealth Partners from C$11.50 to C$13.00 in a report released on Friday morning, BayStreet.CA reports. Echelon Wealth Partners currently has a buy rating on the stock. Echelon Wealth Partners also issued estimates for Computer Modelling Group’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS and FY2026 earnings at $0.42 EPS.

CMG has been the topic of a number of other research reports. Canaccord Genuity Group raised their target price on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the company a buy rating in a research report on Friday. Barclays boosted their target price on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an underweight rating in a research note on Tuesday, February 20th. National Bankshares set a C$12.50 target price on shares of Computer Modelling Group and gave the stock an outperform rating in a report on Thursday, January 25th. Finally, Acumen Capital upped their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a buy rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$11.75.

Computer Modelling Group Stock Up 9.7 %

TSE CMG traded up C$1.10 on Friday, reaching C$12.41. The company had a trading volume of 315,765 shares, compared to its average volume of 106,727. The company’s fifty day moving average is C$10.56 and its 200-day moving average is C$10.11. Computer Modelling Group has a 1-year low of C$6.21 and a 1-year high of C$12.52. The company has a debt-to-equity ratio of 59.81, a quick ratio of 2.25 and a current ratio of 1.76. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 42.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, June 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Thursday, June 6th. Computer Modelling Group’s dividend payout ratio (DPR) is 68.97%.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Robert David Hicks sold 20,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$10.20, for a total value of C$204,000.00. In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 20,000 shares of Computer Modelling Group stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$10.20, for a total transaction of C$204,000.00. Also, Senior Officer Long X. Nghiem sold 40,000 shares of Computer Modelling Group stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$10.10, for a total value of C$404,000.00. Insiders sold 196,000 shares of company stock worth $2,020,420 over the last 90 days. 1.37% of the stock is currently owned by insiders.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.