Computer Modelling Group (TSE:CMG) Given New C$6.50 Price Target at CIBC

Computer Modelling Group (TSE:CMG) had its price objective trimmed by CIBC from C$7.50 to C$6.50 in a research report report published on Wednesday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Computer Modelling Group Stock Down 5.5%

Shares of CMG stock opened at C$5.32 on Wednesday. Computer Modelling Group has a 12 month low of C$5.08 and a 12 month high of C$12.50. The stock has a market cap of C$439.36 million, a P/E ratio of 20.46, a P/E/G ratio of 1.97 and a beta of -0.19. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. The company has a 50 day simple moving average of C$6.12 and a two-hundred day simple moving average of C$6.93.

Computer Modelling Group Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, September 5th. Computer Modelling Group’s dividend payout ratio is currently 76.92%.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.