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

Computer Modelling Group (TSE:CMG) had its price objective reduced by Raymond James from C$15.00 to C$13.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

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

Computer Modelling Group Stock Down 14.0 %

Shares of Computer Modelling Group stock opened at C$9.12 on Wednesday. The business’s 50 day simple moving average is C$10.52 and its 200 day simple moving average is C$11.53. Computer Modelling Group has a 52-week low of C$8.67 and a 52-week high of C$14.73. The firm has a market cap of C$746.47 million, a PE ratio of 32.57, a P/E/G ratio of 1.97 and a beta of 1.21. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81.

Computer Modelling Group (TSE:CMG) last announced 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 return on equity of 36.56% and a net margin of 19.69%. On average, analysts predict that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

Computer Modelling Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.20 annualized dividend and a dividend yield of 2.19%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insider Transactions at Computer Modelling Group

In other news, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Also, Senior Officer Long X. Nghiem sold 3,600 shares of Computer Modelling Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total value of C$36,720.00. In the last three months, insiders sold 325,210 shares of company stock worth $3,533,366. 1.03% of the stock is owned by company 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.