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

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

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

Computer Modelling Group Stock Down 3.0 %

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

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings data 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 net margin of 19.18% and a return on equity of 33.54%. Sell-side analysts forecast that Computer Modelling Group will post 0.3055122 earnings per share for the current year.

Insider Activity at Computer Modelling Group

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