Computer Modelling Group (TSE:CMG) Lowered to Hold Rating by Cibc World Mkts

Cibc World Mkts downgraded shares of Computer Modelling Group (TSE:CMG - Free Report) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

CMG has been the topic of several other reports. Canaccord Genuity Group downgraded shares of Computer Modelling Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. CIBC decreased their target price on shares of Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Raymond James decreased their target price on shares of Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Ventum Financial decreased their target price on shares of Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, BMO Capital Markets decreased their target price on shares of 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, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$12.67.

Computer Modelling Group Price Performance

Shares of CMG stock traded down C$0.13 during trading hours on Wednesday, hitting C$8.42. 318,572 shares of the company's stock were exchanged, compared to its average volume of 212,974. The company has a market capitalization of C$679.36 million, a PE ratio of 27.77, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 12-month low of C$8.25 and a 12-month high of C$14.73. The business's 50 day simple moving average is C$10.38 and its 200-day simple moving average is C$11.41. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, December 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group's dividend payout ratio (DPR) is currently 65.95%.

Insider Activity at Computer Modelling Group

In other news, Director Kenneth Michael Dedeluk sold 5,000 shares of Computer Modelling Group stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of C$10.35, for a total value of C$51,750.00. Also, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total value of C$1,645,724.27. Insiders have sold a total of 310,210 shares of company stock worth $3,380,366 over the last quarter. Corporate insiders own 1.03% of the company's stock.

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.