Computer Modelling Group Ltd. (CMG) Price Target Cut to C$8.00
Computer Modelling Group Ltd. (TSE:CMG) had its price target reduced by analysts at Royal Bank Of Canada from C$8.50 to C$8.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential downside of 6.98% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on CMG. BMO Capital Markets boosted their target price on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Scotiabank reaffirmed an “underperform” rating and issued a C$8.00 price target on shares of Computer Modelling Group in a report on Thursday, August 11th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$9.00.
Shares of Computer Modelling Group (TSE:CMG) opened at 8.60 on Wednesday. Computer Modelling Group has a 12-month low of $7.67 and a 12-month high of $12.08. The firm has a market cap of $680.21 million and a P/E ratio of 26.88. The company’s 50 day moving average price is $9.93 and its 200 day moving average price is $9.85.
About Computer Modelling Group
Computer Modelling Group Ltd. (CMG) is a Canada-based computer software technology company serving the oil and gas industry. The Company operates through the development and licensing of reservoir simulation software segment. The Company is a supplier of process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries.
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