Computer Modelling Group (TSE:CMG) Given New C$6.00 Price Target at Raymond James Financial

Computer Modelling Group (TSE:CMG) had its target price dropped by investment analysts at Raymond James Financial from C$7.00 to C$6.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 51.90% from the stock’s previous close.

A number of other brokerages have also recently issued reports on CMG. National Bank Financial reduced their target price on Computer Modelling Group from C$6.00 to C$5.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th. Ventum Financial raised their price target on Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.85.

Computer Modelling Group Trading Down 3.2%

Computer Modelling Group stock traded down C$0.13 during mid-day trading on Friday, hitting C$3.95. The stock had a trading volume of 86,461 shares, compared to its average volume of 212,056. The company has a current ratio of 1.30, a quick ratio of 2.25 and a debt-to-equity ratio of 45.07. Computer Modelling Group has a 12 month low of C$3.55 and a 12 month high of C$8.23. The stock has a market capitalization of C$314.81 million, a PE ratio of 19.75, a P/E/G ratio of 1.97 and a beta of -0.67. The stock has a 50-day simple moving average of C$3.98 and a two-hundred day simple moving average of C$4.55.

Computer Modelling Group (TSE:CMG) last issued its earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a return on equity of 19.68% and a net margin of 13.54%.The firm had revenue of C$33.67 million for the quarter. As a group, sell-side analysts forecast that Computer Modelling Group will post 0.3055122 EPS for the current 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.