CIBC Cuts Computer Modelling Group (TSE:CMG) Price Target to C$5.50

Computer Modelling Group (TSE:CMG) had its price target decreased by equities researchers at CIBC from C$6.50 to C$5.50 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 7.84% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Ventum Financial raised shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets cut their price target on Computer Modelling Group from C$7.00 to C$6.00 in a research note on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$9.63.

Computer Modelling Group Trading Up 4.5%

Shares of CMG traded up C$0.22 during trading hours on Monday, hitting C$5.10. 430,969 shares of the stock traded hands, compared to its average volume of 224,774. The business has a fifty day moving average of C$5.36 and a 200-day moving average of C$6.33. The firm has a market capitalization of C$421.92 million, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.97 and a beta of -0.35. Computer Modelling Group has a 1-year low of C$4.68 and a 1-year high of C$11.06. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62.

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.