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

Computer Modelling Group (TSE:CMG) had its price objective cut by equities researchers at BMO Capital Markets from C$14.00 to C$13.00 in a research note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 20.93% from the company’s current price.

Several other brokerages 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 note on Wednesday, November 13th. Canaccord Genuity Group lowered Computer Modelling Group from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$12.00 in a research report on Wednesday, November 13th. Finally, National Bankshares set a C$14.00 price target on Computer Modelling Group and gave the company an “outperform” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$13.39.

Computer Modelling Group Stock Performance

TSE:CMG traded down C$0.14 during trading hours on Friday, reaching C$10.75. 67,039 shares of the stock were exchanged, compared to its average volume of 139,614. 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 firm has a 50 day simple moving average of C$11.26 and a 200-day simple moving average of C$12.29. Computer Modelling Group has a 52 week low of C$8.43 and a 52 week high of C$14.73. The stock has a market capitalization of C$879.89 million, a P/E ratio of 38.54, a P/E/G ratio of 1.97 and a beta of 1.21.

Insider Buying and Selling

In other Computer Modelling Group news, Senior Officer Sandra Balic sold 148,110 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of C$11.11, for a total value of C$1,645,724.27. Also, Senior Officer Long X. Nghiem sold 25,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$11.35, for a total value of C$283,850.00. Insiders have sold a total of 290,210 shares of company stock worth $3,162,016 in the last three months. 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.