Computer Modelling Group (TSE:CMG) Earns Sector Perform Rating from Royal Bank of Canada

Computer Modelling Group (TSE:CMG)‘s stock had its “sector perform” rating reiterated by research analysts at Royal Bank of Canada in a report issued on Thursday, BayStreet.CA reports. They currently have a C$8.50 target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 3.91% from the stock’s current price.

A number of other brokerages have also recently weighed in on CMG. BMO Capital Markets upped their price target on shares of Computer Modelling Group from C$9.00 to C$9.50 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Industrial Alliance Securities boosted their price objective on shares of Computer Modelling Group from C$7.75 to C$8.75 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$8.56.

Computer Modelling Group stock traded up C$0.01 during trading on Thursday, reaching C$8.18. 16,627 shares of the company’s stock were exchanged, compared to its average volume of 64,415. The company’s 50-day moving average is C$8.18 and its two-hundred day moving average is C$7.15. The company has a debt-to-equity ratio of 102.33, a quick ratio of 1.95 and a current ratio of 2.00. Computer Modelling Group has a 52-week low of C$5.25 and a 52-week high of C$8.79. The firm has a market cap of $655.63 million and a price-to-earnings ratio of 27.64.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Tuesday, November 12th. The company reported C$0.09 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.03. The business had revenue of C$19.87 million for the quarter, compared to analysts’ expectations of C$19.20 million. Analysts anticipate that Computer Modelling Group will post 0.23 EPS for the current year.

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 7,800 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$8.30, for a total value of C$64,740.00. Following the transaction, the director now owns 1,005,000 shares in the company, valued at approximately C$8,341,500. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of C$8.55, for a total transaction of C$42,757.00. Following the completion of the transaction, the insider now owns 730,302 shares in the company, valued at approximately C$6,245,104.52. Insiders sold a total of 79,000 shares of company stock worth $665,154 in the last quarter.

About Computer Modelling Group

Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining 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 oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.

Further Reading: Diversification

Analyst Recommendations for Computer Modelling Group (TSE:CMG)

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