Canaccord Genuity Group downgraded shares of Computer Modelling Group (TSE:CMG – Free Report) from a buy rating to a hold rating in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has C$12.00 target price on the stock, down from their previous target price of C$15.00.
A number of other equities research analysts have also recently weighed in on the stock. National Bankshares set a C$14.00 price objective on shares of Computer Modelling Group and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Acumen Capital upped their price target on Computer Modelling Group from C$13.00 to C$15.00 in a research note on Friday, August 9th. CIBC lowered their price objective on Computer Modelling Group from C$15.00 to C$14.50 in a research note on Wednesday. Ventum Financial increased their target price on Computer Modelling Group from C$13.00 to C$15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, BMO Capital Markets lifted their price target 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, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$13.50.
Read Our Latest Stock Report on CMG
Computer Modelling Group Trading Down 7.9 %
Computer Modelling Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, September 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.84%. Computer Modelling Group’s dividend payout ratio is presently 71.43%.
Insider Activity at Computer Modelling Group
In other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of Computer Modelling Group 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 other Computer Modelling Group news, Senior Officer Long X. Nghiem sold 5,200 shares of the stock in a transaction dated Friday, August 30th. The stock was 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 the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of C$12.60, for a total value of C$63,000.00. 1.03% of the stock is owned by 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.
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