Computer Modelling Group (TSE:CMG) Price Target Cut to C$7.00 by Analysts at Raymond James Financial

Computer Modelling Group (TSE:CMG) had its target price cut by equities researchers at Raymond James Financial from C$10.00 to C$7.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 75.88% from the company’s previous close.

A number of other research firms also recently weighed in on CMG. Canadian Imperial Bank of Commerce dropped their price target on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. BMO Capital Markets dropped their target price on Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. National Bankshares set a C$6.00 price target on Computer Modelling Group and gave the stock a “sector perform” rating in a research note on Thursday, December 18th. Ventum Cap Mkts raised Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. Finally, Ventum Financial upgraded Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Computer Modelling Group currently has an average rating of “Moderate Buy” and an average price target of C$7.70.

Computer Modelling Group Stock Down 16.6%

Shares of CMG traded down C$0.79 during trading hours on Wednesday, reaching C$3.98. The company’s stock had a trading volume of 677,914 shares, compared to its average volume of 201,295. The firm has a market cap of C$329.27 million, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.97 and a beta of -0.64. Computer Modelling Group has a 1-year low of C$3.87 and a 1-year high of C$9.85. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. The company has a 50 day moving average of C$5.07 and a two-hundred day moving average of C$5.69.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Tuesday, February 10th. The company reported C$0.07 EPS for the quarter. Computer Modelling Group had a net margin of 19.18% and a return on equity of 33.54%. The business had revenue of C$32.69 million during the quarter. As a group, research analysts predict that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.