CIBC Has Lowered Expectations for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG - Get Free Report) had its price target decreased by equities research analysts at CIBC from C$14.50 to C$11.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "neutral" rating on the stock. CIBC's price target would indicate a potential upside of 28.65% from the stock's current price.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group cut shares of Computer Modelling Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Ventum Financial decreased their price target on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research note on Wednesday. Raymond James reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, BMO Capital Markets cut their price target on shares of Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$12.67.

Computer Modelling Group Price Performance

TSE CMG traded down C$0.30 on Wednesday, hitting C$8.55. 347,164 shares of the company's stock were exchanged, compared to its average volume of 209,674. The stock has a market cap of C$689.85 million, a price-to-earnings ratio of 28.19, a P/E/G ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 52 week low of C$8.54 and a 52 week high of C$14.73. The stock has a 50-day moving average of C$10.43 and a 200-day moving average of C$11.45. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Insider Activity at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 15,000 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$10.20, for a total transaction of C$153,000.00. Also, Director Kenneth Michael Dedeluk sold 5,000 shares of the business's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total transaction of C$51,750.00. Insiders have sold 325,210 shares of company stock worth $3,533,366 over the last 90 days. 1.03% of the stock is 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.