Computer Modelling Group (TSE:CMG) Stock Rating Lowered by Cibc World Mkts

Computer Modelling Group (TSE:CMG) was downgraded by research analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other brokerages also recently weighed in on CMG. BMO Capital Markets dropped their target price on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Ventum Financial cut their target price on shares of 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. CIBC lowered their price target on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Raymond James cut their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$12.67.

Computer Modelling Group Trading Down 3.0 %

Computer Modelling Group stock opened at C$8.85 on Wednesday. Computer Modelling Group has a 52 week low of C$8.67 and a 52 week high of C$14.73. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The firm has a market capitalization of C$714.06 million, a price-to-earnings ratio of 29.18, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a 50 day moving average price of C$10.52 and a 200 day moving average price of C$11.53.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%. Research analysts forecast that Computer Modelling Group will post 0.3055122 EPS for the current year.

Insider Buying and Selling at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of C$10.35, for a total value of C$51,750.00. Also, Senior Officer Long X. Nghiem sold 25,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$11.35, for a total transaction of C$283,850.00. Insiders have sold a total of 325,210 shares of company stock worth $3,533,366 over the last three months. Corporate 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.