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

Computer Modelling Group (TSE:CMG) had its price objective cut by CIBC from C$14.50 to C$11.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s price target points to a potential upside of 17.02% from the stock’s previous close.

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

Computer Modelling Group Stock Performance

Shares of TSE:CMG traded down C$1.20 during trading on Wednesday, hitting C$9.40. 981,007 shares of the company traded hands, compared to its average volume of 170,130. The stock has a market capitalization of C$769.39 million, a price-to-earnings ratio of 33.57, a PEG ratio of 1.97 and a beta of 1.21. The business’s fifty day moving average is C$10.56 and its 200-day moving average is C$11.56. Computer Modelling Group has a one year low of C$8.67 and a one year high of C$14.73. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Tuesday, November 12th. The company reported C$0.07 earnings per share (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%. As a group, equities analysts predict that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$10.50, for a total transaction of C$105,000.00. Over the last 90 days, insiders sold 325,210 shares of company stock worth $3,533,366. Company 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.