Computer Modelling Group (TSE:CMG) Price Target Lowered to C$13.00 at Raymond James

Computer Modelling Group (TSE:CMG) had its target price lowered by analysts at Raymond James from C$15.00 to C$13.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 38.30% from the stock’s current price.

A number of other research firms also recently weighed in on CMG. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$15.00 to C$12.00 in a report on Wednesday, November 13th. CIBC decreased their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. BMO Capital Markets reduced their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Ventum Financial reduced 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 research report on Wednesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Computer Modelling Group currently has a consensus rating of “Moderate Buy” and an average target price of C$12.67.

Computer Modelling Group Trading Down 11.3 %

Computer Modelling Group stock traded down C$1.20 during midday trading on Wednesday, reaching C$9.40. The stock had a trading volume of 981,007 shares, compared to its average volume of 170,130. The firm’s fifty day simple moving average is C$10.56 and its two-hundred day simple moving average is C$11.56. 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 debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The firm has a market cap of C$769.39 million, a price-to-earnings ratio of 33.57, a PEG ratio of 1.97 and a beta of 1.21.

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

Insiders Place Their Bets

In related news, 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. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Over the last three months, insiders have sold 325,210 shares of company stock worth $3,533,366. Company 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.