Computer Modelling Group (TSE:CMG) PT Set at C$13.50 by CIBC

Computer Modelling Group (TSE:CMGGet Free Report) has been assigned a C$13.50 target price by equities research analysts at CIBC in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 10.38% from the company’s previous close.

Other research analysts have also issued reports about the company. Canaccord Genuity Group boosted their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a report on Friday. Echelon Wealth Partners raised their price objective on Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research note on Friday. Acumen Capital lifted their target price on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Friday. National Bankshares set a C$12.50 price target on Computer Modelling Group and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Barclays upped their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the stock an “underweight” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Computer Modelling Group has an average rating of “Moderate Buy” and a consensus price target of C$11.75.

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Computer Modelling Group Stock Up 8.1 %

Shares of TSE:CMG traded up C$0.92 during trading on Friday, hitting C$12.23. 210,421 shares of the company’s stock traded hands, compared to its average volume of 105,436. Computer Modelling Group has a 52 week low of C$6.21 and a 52 week high of C$12.29. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The company has a market cap of C$993.44 million, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. The company has a 50-day moving average price of C$10.51 and a 200-day moving average price of C$10.09.

Insider Activity at Computer Modelling Group

In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$10.75, for a total transaction of C$107,500.00. In other Computer Modelling Group news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$10.75, for a total transaction of C$107,500.00. Also, Senior Officer Robert David Hicks sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$10.20, for a total value of C$204,000.00. Over the last three months, insiders have sold 196,000 shares of company stock worth $2,020,420. Corporate insiders own 1.37% of the company’s stock.

About Computer Modelling Group

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Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary 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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Analyst Recommendations for Computer Modelling Group (TSE:CMG)

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