Computer Modelling Group Ltd. (CMG) Rating Reiterated by Scotiabank
Computer Modelling Group Ltd. (TSE:CMG)‘s stock had its “underperform” rating restated by stock analysts at Scotiabank in a research report issued to clients and investors on Wednesday. They presently have a C$8.00 price target on the stock. Scotiabank’s target price suggests a potential downside of 6.98% from the stock’s previous close.
A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Computer Modelling Group from C$8.50 to C$8.00 and set an “underperform” rating on the stock in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company presently has a consensus 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 one year low of $7.67 and a one year high of $12.08. The stock has a market capitalization of $680.21 million and a price-to-earnings ratio of 26.88. The firm has a 50-day moving average of $9.93 and a 200 day moving average of $9.85.
Computer Modelling Group Company Profile
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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