BMO Capital Markets Cuts Computer Modelling Group (TSE:CMG) Price Target to C$13.00

Computer Modelling Group (TSE:CMG) had its target price cut by equities researchers at BMO Capital Markets from C$14.00 to C$13.00 in a research report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 19.71% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. Canaccord Genuity Group cut shares of Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, CIBC lowered their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$13.39.

Computer Modelling Group Stock Performance

Shares of CMG stock opened at C$10.86 on Friday. The company has a debt-to-equity ratio of 52.77, a current ratio of 1.81 and a quick ratio of 2.25. Computer Modelling Group has a one year low of C$8.43 and a one year high of C$14.73. The business’s 50 day simple moving average is C$11.25 and its 200 day simple moving average is C$12.29. The stock has a market capitalization of C$888.89 million, a PE ratio of 38.79, a PEG ratio of 1.97 and a beta of 1.21.

Insider Activity

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 15,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of C$10.20, for a total transaction of C$153,000.00. Also, Senior Officer Sandra Balic sold 148,110 shares of Computer Modelling Group 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 sold a total of 290,210 shares of company stock worth $3,162,016 in the last three months. 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.