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

Computer Modelling Group (TSE:CMG) had its price objective dropped by analysts at CIBC from C$14.50 to C$11.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 17.02% from the company’s previous close.

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

Computer Modelling Group Stock Down 11.3 %

TSE CMG traded down C$1.20 on Wednesday, reaching C$9.40. The company had a trading volume of 981,007 shares, compared to its average volume of 170,130. The company’s fifty day moving average is C$10.56 and its 200-day moving average is C$11.56. 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 has a 1-year low of C$8.67 and a 1-year high of C$14.73. The firm has a market capitalization of C$769.39 million, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings results 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 19.69% and a return on equity of 36.56%. On average, research analysts forecast that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of C$283,850.00. Also, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Over the last ninety days, insiders sold 325,210 shares of company stock worth $3,533,366. 1.03% of the stock is currently owned by company 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.