Computer Modelling Group (TSE:CMG) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Computer Modelling Group (TSE:CMG) from a buy rating to a hold rating in a research note released on Wednesday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has C$12.00 price objective on the stock, down from their prior price objective of C$15.00.

CMG has been the topic of several other research reports. Ventum Financial raised their price objective on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their target price on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. Finally, CIBC dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$13.50.

Computer Modelling Group Trading Down 3.8 %

TSE:CMG opened at C$9.73 on Wednesday. Computer Modelling Group has a one year low of C$8.43 and a one year high of C$14.73. The business has a fifty day moving average price of C$11.72 and a 200-day moving average price of C$12.32. The firm has a market capitalization of C$796.40 million, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, September 13th were issued a $0.05 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.06%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Buying and Selling at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 5,200 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total value of C$66,560.00. 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.