BMO Capital Markets Issues Pessimistic Forecast for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG - Free Report) had its price target lowered by BMO Capital Markets from C$14.00 to C$13.00 in a research report report published on Friday,BayStreet.CA reports.

A number of other analysts also recently issued reports on the stock. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an "outperform" rating in a report on Wednesday, September 11th. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. Finally, CIBC decreased their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$13.39.

Computer Modelling Group Stock Down 0.3 %

Shares of CMG stock traded down C$0.03 on Friday, hitting C$10.86. The stock had a trading volume of 124,100 shares, compared to its average volume of 139,873. Computer Modelling Group has a 12-month low of C$8.43 and a 12-month high of C$14.73. The business has a 50 day moving average of C$11.25 and a 200 day moving average of C$12.29. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. The stock has a market cap of C$888.89 million, a price-to-earnings ratio of 38.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.84%. Computer Modelling Group's dividend payout ratio is presently 71.43%.

Insiders Place Their Bets

In other news, Senior Officer Long X. Nghiem sold 3,600 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total value of C$36,720.00. Also, Senior Officer Pramod Jain acquired 14,091 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of C$10.68 per share, with a total value of C$150,545.43. Insiders sold 290,210 shares of company stock worth $3,162,016 over the last quarter. 1.03% of the stock is currently owned by company insiders.

About Computer Modelling Group

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.