CIBC Lowers Computer Modelling Group (TSE:CMG) Price Target to C$5.50

Computer Modelling Group (TSE:CMG) had its price objective reduced by investment analysts at CIBC from C$6.50 to C$5.50 in a research note issued on Monday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 7.63% from the company’s previous close.

A number of other analysts have also recently weighed in on CMG. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a research note on Thursday, November 13th. Finally, BMO Capital Markets lowered their price objective on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$9.63.

Computer Modelling Group Trading Up 1.4%

Shares of TSE:CMG opened at C$5.11 on Monday. The company has a market cap of C$422.75 million, a PE ratio of 20.44, a P/E/G ratio of 1.97 and a beta of -0.35. The company’s 50 day moving average is C$5.31 and its two-hundred day moving average is C$6.30. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 52 week low of C$4.68 and a 52 week high of C$11.06.

About Computer Modelling Group

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.