Computer Modelling Group (TSE:CMG) Rating Lowered to Hold at Cibc World Mkts

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

Other equities research analysts also recently issued reports about the company. Raymond James decreased their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC decreased their price objective on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. Canaccord Genuity Group cut Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$12.67.

Computer Modelling Group Trading Down 3.0 %

Shares of Computer Modelling Group stock opened at C$8.85 on Wednesday. Computer Modelling Group has a 1 year low of C$8.67 and a 1 year high of C$14.73. The company’s fifty day simple moving average is C$10.52 and its 200-day simple moving average is C$11.53. The company has a market cap of C$714.06 million, a price-to-earnings ratio of 29.18, a PEG ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share (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%. As a group, sell-side analysts expect that Computer Modelling Group will post 0.3055122 EPS for the current year.

Insider Transactions at Computer Modelling Group

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