Computer Modelling Group (TSE:CMG) Price Target Lowered to C$11.00 at CIBC

Computer Modelling Group (TSE:CMG) had its price target reduced by CIBC from C$14.50 to C$11.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently commented on CMG. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Ventum Financial reduced their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James dropped their price target on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, BMO Capital Markets dropped their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.67.

Computer Modelling Group Price Performance

Computer Modelling Group stock opened at C$9.12 on Wednesday. Computer Modelling Group has a 52 week low of C$8.67 and a 52 week high of C$14.73. The business has a 50-day simple moving average of C$10.52 and a 200 day simple moving average of C$11.53. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The stock has a market cap of C$746.47 million, a price-to-earnings ratio of 32.57, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Tuesday, November 12th. The company reported C$0.07 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. On average, research analysts forecast that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Insider Activity

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$10.50, for a total value of C$105,000.00. Also, Senior Officer Sandra Balic sold 148,110 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total value of C$1,645,724.27. In the last quarter, insiders sold 325,210 shares of company stock valued at $3,533,366. Insiders own 1.03% of the company’s stock.

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.