Ventum Financial Issues Pessimistic Forecast for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its price objective reduced by stock analysts at Ventum Financial from C$15.00 to C$14.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Ventum Financial’s price target would suggest a potential upside of 48.94% from the company’s previous close.

A number of other research firms also recently weighed in on CMG. CIBC cut their target price on Computer Modelling Group from C$15.00 to C$14.50 in a research report on Wednesday, November 13th. BMO Capital Markets cut their price objective on Computer Modelling Group from C$14.00 to C$13.00 in a research report on Friday, December 13th. Finally, Canaccord Genuity Group downgraded Computer Modelling Group from a “buy” rating to a “hold” rating and cut their price objective for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Computer Modelling Group currently has an average rating of “Moderate Buy” and a consensus price target of C$12.67.

Computer Modelling Group Stock Performance

CMG stock traded down C$1.20 on Wednesday, reaching C$9.40. The company’s stock had a trading volume of 981,007 shares, compared to its average volume of 170,130. Computer Modelling Group has a 52 week low of C$8.67 and a 52 week high of C$14.73. The company has a market capitalization of C$769.39 million, a P/E ratio of 33.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. The firm has a fifty day moving average of C$10.56 and a two-hundred day moving average of C$11.56. 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 (TSE:CMG) last released its earnings results on Tuesday, November 12th. The company reported C$0.07 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.01. Computer Modelling Group had a return on equity of 36.56% and a net margin of 19.69%. As a group, analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$10.50, for a total transaction of C$105,000.00. Also, Senior Officer Long X. Nghiem sold 3,600 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of C$10.20, for a total transaction of C$36,720.00. Over the last 90 days, insiders sold 325,210 shares of company stock worth $3,533,366. 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.