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

Computer Modelling Group (TSE:CMG) had its price target decreased by CIBC from C$14.50 to C$11.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

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

Computer Modelling Group Stock Down 14.0 %

CMG stock opened at C$9.12 on Wednesday. Computer Modelling Group has a twelve month low of C$8.67 and a twelve month 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. The stock’s 50 day moving average is C$10.52 and its 200-day moving average is C$11.53. The firm has a market capitalization of C$746.47 million, a PE ratio of 32.57, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last posted its earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Sell-side analysts expect that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Computer Modelling Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 20,000 shares of Computer Modelling Group stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of C$10.73, for a total value of C$214,600.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of Computer Modelling Group stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total value of C$105,000.00. Insiders sold 325,210 shares of company stock valued at $3,533,366 over the last ninety days. 1.03% of the stock is currently owned by insiders.

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.