Computer Modelling Group (TSE:CMG) Price Target Raised to C$6.75

Computer Modelling Group (TSE:CMG) had its price target upped by Ventum Financial from C$6.50 to C$6.75 in a report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

CMG has been the topic of a number of other reports. National Bank Financial set a C$6.00 target price on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Canadian Imperial Bank of Commerce cut their price target on Computer Modelling Group from C$6.50 to C$5.50 in a report on Monday, December 15th. Finally, Raymond James Financial reduced their price objective on Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$6.25.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$3.99 on Thursday. The company has a debt-to-equity ratio of 45.07, a current ratio of 1.30 and a quick ratio of 2.25. Computer Modelling Group has a one year low of C$3.55 and a one year high of C$8.58. The company has a 50-day moving average of C$4.26 and a two-hundred day moving average of C$5.07. The stock has a market cap of C$318.00 million, a price-to-earnings ratio of 19.95, a PEG ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$32.69 million for the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. On average, equities research analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Computer Modelling Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, March 13th were paid a $0.01 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.0%. Computer Modelling Group’s dividend payout ratio is currently 60.00%.

About Computer Modelling Group

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.