Ventum Financial Issues Pessimistic Forecast for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its target price decreased by stock analysts at Ventum Financial from C$15.00 to C$14.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Ventum Financial’s target price suggests a potential upside of 48.94% from the stock’s current price.

A number of other research analysts also recently weighed in on CMG. BMO Capital Markets decreased their price objective on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. CIBC decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus price target of C$12.67.

Computer Modelling Group Stock Performance

Shares of CMG traded down C$1.20 during trading hours on Wednesday, reaching 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 P/E ratio of 33.57, a P/E/G ratio of 1.97 and a beta of 1.21. 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 has a 12-month low of C$8.67 and a 12-month high of C$14.73. The business has a fifty day moving average price of C$10.56 and a 200-day moving average price of C$11.56.

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

Insiders Place Their Bets

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Over the last quarter, insiders sold 325,210 shares of company stock worth $3,533,366. Insiders own 1.03% of the company’s stock.

Computer Modelling Group Company Profile

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.