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

Computer Modelling Group Ltd. (TSE:CMG) shares 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 company traded as high as C$13.83 and last traded at C$13.74, with a volume of 54399 shares traded. The stock had previously closed at C$13.40.

A number of other analysts have also commented on CMG. Cibc World Mkts raised shares of Computer Modelling Group to a “strong-buy” rating in a report on Friday, May 24th. Canaccord Genuity Group boosted their price target on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Friday, May 24th. National Bankshares boosted their price target on shares of Computer Modelling Group from C$12.50 to C$14.00 and gave the company an “outperform” rating in a report on Friday, May 31st. CIBC set a C$13.50 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, Raymond James set a C$15.00 price target on shares of Computer Modelling Group and gave the company an “outperform” rating in a report on Monday, June 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.44.

Insiders Place Their Bets

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. In other news, Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$12.70, for a total value of C$63,500.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Insiders have sold 183,400 shares of company stock valued at $2,265,333 in the last three months. 1.37% of the stock is currently owned by corporate insiders.

Computer Modelling Group Price Performance

The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The firm has a market cap of C$1.12 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company’s 50-day moving average is C$12.03 and its 200-day moving average is C$10.67.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Wednesday, May 22nd. The company reported C$0.09 EPS for the quarter, beating the consensus estimate of C$0.07 by C$0.02. The business had revenue of C$32.29 million during the quarter, compared to the consensus estimate of C$31.30 million. Computer Modelling Group had a net margin of 25.10% and a return on equity of 42.70%. Equities research analysts predict that Computer Modelling Group Ltd. will post 0.3502392 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently declared 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. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Thursday, June 6th. Computer Modelling Group’s payout ratio is currently 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.