CIBC Lowers Computer Modelling Group (TSE:CMG) Price Target to C$14.50

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

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

Computer Modelling Group Stock Down 7.9 %

CMG stock opened at C$10.89 on Wednesday. The stock has a market cap of C$891.35 million, a P/E ratio of 38.89, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The stock’s fifty day simple moving average is C$11.83 and its two-hundred day simple moving average is C$12.34. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, September 5th. Computer Modelling Group’s dividend payout ratio (DPR) is presently 71.43%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$12.80, for a total value of C$66,560.00. In related news, Senior Officer Long X. Nghiem sold 5,200 shares of the company’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 transaction of C$66,560.00. Also, Senior Officer Long X. Nghiem sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total transaction of C$63,000.00. 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.