BMO Capital Markets Issues Pessimistic Forecast for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its price objective dropped by equities researchers at BMO Capital Markets from C$14.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target would suggest a potential upside of 20.93% from the stock’s previous close.

CMG has been the topic of several other research reports. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$15.00 to C$12.00 in a report on Wednesday, November 13th. CIBC cut their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$13.39.

Computer Modelling Group Price Performance

CMG stock traded down C$0.14 during midday trading on Friday, reaching C$10.75. The stock had a trading volume of 67,039 shares, compared to its average volume of 139,614. The company’s fifty day simple moving average is C$11.26 and its 200 day simple moving average is C$12.29. The company has a current ratio of 1.81, a quick ratio of 2.25 and a debt-to-equity ratio of 52.77. The company has a market cap of C$879.89 million, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 52-week low of C$8.43 and a 52-week high of C$14.73.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$11.35, for a total transaction of C$283,850.00. Also, Senior Officer Pramod Jain purchased 14,091 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of C$10.68 per share, with a total value of C$150,545.43. Over the last ninety days, insiders have sold 290,210 shares of company stock worth $3,162,016. 1.03% of the stock is owned by company insiders.

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.