Computer Modelling Group (TSE:CMG) Rating Lowered to "Hold" at Ventum Cap Mkts

Computer Modelling Group (TSE:CMG - Get Free Report) was downgraded by equities research analysts at Ventum Cap Mkts from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday, May 22nd,Zacks.com reports.

A number of other research firms have also weighed in on CMG. Raymond James reduced their price objective on Computer Modelling Group from C$15.00 to C$13.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. CIBC decreased their target price on Computer Modelling Group from C$14.50 to C$11.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Ventum Financial decreased their price target on Computer Modelling Group from C$15.00 to C$14.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Finally, Cibc World Mkts lowered Computer Modelling Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$13.14.

Computer Modelling Group Price Performance

Shares of CMG traded down C$0.07 during midday trading on Thursday, reaching C$6.69. The stock had a trading volume of 87,916 shares, compared to its average volume of 190,957. The company has a market capitalization of C$539.78 million, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.21. Computer Modelling Group has a 12-month low of C$6.61 and a 12-month high of C$14.73. The company's 50-day moving average is C$7.70 and its 200 day moving average is C$9.07. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

Insider Buying and Selling at Computer Modelling Group

In related news, Senior Officer Pramod Jain purchased 14,425 shares of Computer Modelling Group stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of C$7.42 per share, with a total value of C$107,011.11. Also, Director Kenneth Michael Dedeluk sold 7,100 shares of the company's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of C$8.00, for a total transaction of C$56,800.00. Over the last three months, insiders purchased 32,060 shares of company stock valued at $243,597. 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.