BMO Capital Markets Has Lowered Expectations for Computer Modelling Group (TSE:CMG) Stock Price

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

Several other brokerages have also recently weighed in on CMG. National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. CIBC dropped their target price on shares of Computer Modelling Group from C$15.00 to C$14.50 in a report on Wednesday, November 13th. Finally, Canaccord Genuity Group lowered shares of Computer Modelling Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$15.00 to C$12.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Computer Modelling Group presently has an average rating of “Moderate Buy” and an average price target of C$13.39.

Computer Modelling Group Stock Performance

Computer Modelling Group stock opened at C$10.86 on Friday. Computer Modelling Group has a fifty-two week low of C$8.43 and a fifty-two week high of C$14.73. The stock has a market cap of C$888.89 million, a price-to-earnings ratio of 38.79, a PEG ratio of 1.97 and a beta of 1.21. The stock’s 50 day simple moving average is C$11.25 and its two-hundred day simple moving average is C$12.29. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81.

Computer Modelling Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, December 13th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend was Thursday, December 5th. Computer Modelling Group’s dividend payout ratio is presently 71.43%.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 15,000 shares of Computer Modelling Group stock in a transaction dated Monday, November 18th. The shares were sold at an average price of C$10.20, for a total value of C$153,000.00. Also, Senior Officer Pramod Jain bought 14,091 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of C$10.68 per share, for a total transaction of C$150,545.43. Insiders have sold a total of 290,210 shares of company stock worth $3,162,016 in the last quarter. Corporate 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.