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

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

Several other brokerages also recently issued reports on CMG. Acumen Capital raised their price objective on shares of Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. Canaccord Genuity Group boosted their price objective on shares of Computer Modelling Group from C$12.00 to C$15.00 in a report on Friday, July 26th. National Bankshares set a C$14.00 target price on shares of Computer Modelling Group and gave the company an “outperform” rating in a research note on Wednesday, September 11th. Ventum Financial boosted 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, BMO Capital Markets raised their price objective on Computer Modelling Group from C$13.00 to C$14.00 in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus target price of C$13.50.

Computer Modelling Group Price Performance

Shares of TSE:CMG opened at C$10.11 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 1.81 and a debt-to-equity ratio of 52.77. The business has a 50 day moving average price of C$11.78 and a 200 day moving average price of C$12.34. The company has a market cap of C$827.50 million, a price-to-earnings ratio of 36.11, a PEG ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a twelve month low of C$8.43 and a twelve month high of C$14.73.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the business’s stock in a transaction dated 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.