Computer Modelling Group (TSE:CMG) Given New C$13.00 Price Target at Raymond James

Computer Modelling Group (TSE:CMG - Free Report) had its target price cut by Raymond James from C$15.00 to C$13.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock. Raymond James also issued estimates for Computer Modelling Group's FY2025 earnings at $0.28 EPS.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets cut their target price on Computer Modelling Group from C$14.00 to C$13.00 in a report on Friday, December 13th. Ventum Financial lowered their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating for the company in a research report on Wednesday. CIBC lowered their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered Computer Modelling Group from a "buy" rating to a "hold" rating and lowered their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$12.67.

Computer Modelling Group Trading Down 3.4 %

Shares of Computer Modelling Group stock traded down C$0.30 on Wednesday, hitting C$8.55. The stock had a trading volume of 347,164 shares, compared to its average volume of 209,674. The stock has a 50 day moving average of C$10.43 and a 200 day moving average of C$11.45. Computer Modelling Group has a twelve month low of C$8.54 and a twelve month high of C$14.73. The company has a debt-to-equity ratio of 47.62, a quick ratio of 2.25 and a current ratio of 1.27. The firm has a market capitalization of C$689.85 million, a P/E ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.21.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, December 13th were paid a $0.05 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.20 dividend on an annualized basis and a yield of 2.34%. Computer Modelling Group's dividend payout ratio (DPR) is currently 65.95%.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 3,600 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of C$10.20, for a total transaction of C$36,720.00. Also, Senior Officer Sandra Balic sold 148,110 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$11.11, for a total transaction of C$1,645,724.27. Insiders have sold 325,210 shares of company stock worth $3,533,366 over the last ninety days. 1.03% of the stock is owned by corporate 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.