Computer Modelling Group (TSE:CMG) Rating Lowered to “Hold” at Canaccord Genuity Group

Computer Modelling Group (TSE:CMG) was downgraded by Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday,BayStreet.CA reports. They presently have a C$12.00 price target on the stock, down from their prior price target of C$15.00. Canaccord Genuity Group’s price objective would indicate a potential upside of 5.63% from the company’s previous close.

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

Computer Modelling Group Stock Performance

Shares of CMG traded down C$0.46 during trading hours on Wednesday, reaching C$11.36. 393,073 shares of the company traded hands, compared to its average volume of 120,537. The company has a debt-to-equity ratio of 52.77, a quick ratio of 2.25 and a current ratio of 1.81. The stock’s fifty day moving average is C$11.85 and its 200 day moving average is C$12.34. Computer Modelling Group has a 1-year low of C$8.43 and a 1-year high of C$14.73. The stock has a market cap of C$929.82 million, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21.

Insider Buying and Selling at Computer Modelling Group

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