BMO Capital Markets Cuts Computer Modelling Group (TSE:CMG) Price Target to C$13.00

Computer Modelling Group (TSE:CMG) had its target price lowered by BMO Capital Markets from C$14.00 to C$13.00 in a report issued on Friday morning,BayStreet.CA reports.

A number of other research firms have also recently issued reports on CMG. CIBC cut their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. National Bankshares set a C$14.00 target price on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$13.39.

Computer Modelling Group Stock Performance

TSE CMG opened at C$10.86 on Friday. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73. The company has a fifty day moving average of C$11.25 and a 200-day moving average of C$12.29. The company has a market capitalization of C$888.89 million, a P/E ratio of 38.79, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Insider Transactions at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 3,600 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Senior Officer Pramod Jain purchased 14,091 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of C$10.68 per share, for a total transaction of C$150,545.43. Over the last 90 days, insiders have sold 290,210 shares of company stock worth $3,162,016. 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.