Computer Modelling Group (TSE:CMG) Given New C$6.00 Price Target at BMO Capital Markets

Computer Modelling Group (TSE:CMG) had its price objective cut by BMO Capital Markets from C$7.00 to C$6.00 in a report released on Wednesday morning,BayStreet.CA reports.

Separately, CIBC reduced their price target on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating for the company in a report on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$9.88.

Computer Modelling Group Stock Performance

TSE CMG traded down C$0.04 during mid-day trading on Wednesday, reaching C$5.05. 325,918 shares of the stock were exchanged, compared to its average volume of 212,402. The business’s 50 day moving average is C$5.91 and its 200-day moving average is C$6.77. The company has a market capitalization of C$417.06 million, a P/E ratio of 19.42, a P/E/G ratio of 1.97 and a beta of -0.21. Computer Modelling Group has a 1 year low of C$4.80 and a 1 year high of C$11.57. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27.

Computer Modelling Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 15th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, September 5th. Computer Modelling Group’s dividend payout ratio is 76.92%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.