Computer Modelling Group (TSE:CMG) Stock Rating Lowered by Ventum Cap Mkts

Ventum Cap Mkts downgraded shares of Computer Modelling Group (TSE:CMG) from a strong-buy rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Cibc World Mkts cut Computer Modelling Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 12th. Raymond James lowered their target price on Computer Modelling Group from C$15.00 to C$13.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Ventum Financial lowered their target price on Computer Modelling Group from C$15.00 to C$14.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, CIBC lowered their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$13.13.

Computer Modelling Group Price Performance

CMG opened at C$6.99 on Thursday. The stock has a 50-day moving average price of C$7.76 and a 200-day moving average price of C$9.20. Computer Modelling Group has a 12-month low of C$6.61 and a 12-month high of C$14.73. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The stock has a market capitalization of C$563.99 million, a P/E ratio of 23.05, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, March 6th. Computer Modelling Group’s payout ratio is 65.95%.

Insider Buying and Selling at Computer Modelling Group

In related news, Senior Officer Pramod Jain purchased 4,635 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The shares were bought at an average price of C$7.68 per share, for a total transaction of C$35,590.31. Also, Director Kenneth Michael Dedeluk sold 7,100 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of C$8.00, for a total value of C$56,800.00. In the last 90 days, insiders acquired 32,060 shares of company stock valued at $243,597 and sold 17,985 shares valued at $145,719. 1.03% of the stock is currently owned by corporate 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.