Computer Modelling Group (TSE:CMG) Lowered to Hold Rating by Canaccord Genuity Group

Computer Modelling Group (TSE:CMG) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$12.00 price target on the stock, down from their previous price target of C$15.00. Canaccord Genuity Group’s price objective would suggest a potential upside of 5.63% from the company’s current price.

CMG has been the subject of a number of other reports. CIBC reduced their price objective on shares of Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday. BMO Capital Markets upped their price objective on Computer Modelling Group from C$13.00 to C$14.00 in a research note on Tuesday, July 16th. Acumen Capital increased their price objective on Computer Modelling Group from C$13.00 to C$15.00 in a report on Friday, August 9th. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Finally, Ventum Financial increased their price target on shares of 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.

Computer Modelling Group Stock Down 3.9 %

Shares of CMG stock traded down C$0.46 during trading on Wednesday, reaching C$11.36. The company’s stock had a trading volume of 393,073 shares, compared to its average volume of 120,537. Computer Modelling Group has a one year low of C$8.43 and a one year high of C$14.73. The business has a fifty day moving average price of C$11.85 and a 200-day moving average price of C$12.34. The company has a market cap of C$929.82 million, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77.

Insider Activity

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of C$12.60, for a total transaction of C$63,000.00. In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total value of C$63,000.00. Also, Senior Officer Long X. Nghiem sold 5,200 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$12.80, for a total transaction of C$66,560.00. 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.