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

Computer Modelling Group (TSE:CMG) had its price objective cut by investment analysts at CIBC from C$15.00 to C$14.50 in a research note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 43.42% from the stock’s previous close.

A number of other research analysts have also recently commented on CMG. BMO Capital Markets increased their target price on shares of Computer Modelling Group from C$13.00 to C$14.00 in a report on Tuesday, July 16th. Acumen Capital raised their target price on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research report on Friday, August 9th. National Bankshares set a C$14.00 price target on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Ventum Financial increased their price target on Computer Modelling Group from C$13.00 to C$15.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Canaccord Genuity Group boosted their price objective on Computer Modelling Group from C$12.00 to C$15.00 in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$13.50.

Computer Modelling Group Price Performance

Computer Modelling Group stock opened at C$10.11 on Wednesday. The stock has a fifty day moving average of C$11.78 and a 200-day moving average of C$12.34. The stock has a market capitalization of C$827.50 million, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. 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 has a 52 week low of C$8.43 and a 52 week high of C$14.73.

Insider Transactions at Computer Modelling Group

In related news, Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of C$12.80, for a total value of C$66,560.00. 1.03% of the stock is owned by corporate insiders.

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.