Computer Modelling Group (TSE:CMG) Price Target Cut to C$14.00 by Analysts at Ventum Financial

Computer Modelling Group (TSE:CMG) had its price target trimmed by Ventum Financial from C$15.00 to C$14.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

CMG has been the subject of a number of other reports. CIBC cut their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday, November 13th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and cut their target price for the company from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. Finally, BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.67.

Computer Modelling Group Stock Down 14.0 %

Shares of CMG stock opened at C$9.12 on Wednesday. Computer Modelling Group has a 12 month low of C$8.67 and a 12 month high of C$14.73. The firm has a market cap of C$746.47 million, a PE ratio of 32.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The stock has a 50 day moving average of C$10.52 and a 200-day moving average of C$11.53. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Tuesday, November 12th. The company reported C$0.07 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, equities analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current year.

Computer Modelling Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders 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 yield of 2.19%. Computer Modelling Group’s dividend payout ratio is currently 71.43%.

Insiders Place Their Bets

In other news, Senior Officer Sandra Balic sold 148,110 shares of the stock in a transaction 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 the stock in a transaction 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. Insiders sold 325,210 shares of company stock worth $3,533,366 over the last three months. 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.