Ventum Financial Issues Pessimistic Forecast for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG - Get Free Report) had its target price reduced by research analysts at Ventum Financial from C$15.00 to C$14.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's target price points to a potential upside of 63.74% from the company's previous close.

A number of other research firms have also commented on CMG. BMO Capital Markets lowered their price target on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Canaccord Genuity Group downgraded 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, CIBC dropped their price target on Computer Modelling Group from C$15.00 to C$14.50 in a research note 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$12.67.

Computer Modelling Group Price Performance

Computer Modelling Group stock traded down C$0.30 during midday trading on Wednesday, hitting C$8.55. 347,164 shares of the company's stock were exchanged, compared to its average volume of 209,674. 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 price of C$10.43 and a two-hundred day moving average price of C$11.45. 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 company has a market cap of C$689.85 million, a P/E ratio of 28.19, a PEG ratio of 1.97 and a beta of 1.21.

Insiders Place Their Bets

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm's stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Insiders have sold a total of 325,210 shares of company stock valued at $3,533,366 over the last quarter. Company insiders own 1.03% of the company's stock.

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.