Computer Modelling Group (TSE:CMG) Price Target Cut to C$14.50 by Analysts at CIBC

Computer Modelling Group (TSE:CMG) had its price target decreased by CIBC from C$15.00 to C$14.50 in a research report released on Wednesday,BayStreet.CA reports.

CMG has been the topic of a number of other research reports. Acumen Capital increased their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. Canaccord Genuity Group raised their price target on Computer Modelling Group from C$12.00 to C$15.00 in a report on Friday, July 26th. Ventum Financial boosted their price objective on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. BMO Capital Markets upped their price objective on shares of Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th. Finally, National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Computer Modelling Group Stock Performance

TSE CMG opened at C$9.73 on Wednesday. The company’s 50 day simple moving average is C$11.72 and its two-hundred day simple moving average is C$12.32. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group has a 1 year low of C$8.43 and a 1 year high of C$14.73. The stock has a market capitalization of C$796.40 million, a PE ratio of 34.75, a P/E/G ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, September 13th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, September 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 5,200 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total value of C$66,560.00. 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.