Computer Modelling Group (TSE:CMG) Stock Price Expected to Rise, Ventum Financial Analyst Says

Computer Modelling Group (TSE:CMG) had its price objective hoisted by Ventum Financial from C$6.50 to C$6.75 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s target price would suggest a potential upside of 69.17% from the company’s current price.

Other equities research analysts have also issued reports about the company. National Bank Financial set a C$6.00 price target on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Canadian Imperial Bank of Commerce reduced their price objective on Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Finally, Raymond James Financial decreased their target price on Computer Modelling Group from C$10.00 to C$7.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$6.25.

Computer Modelling Group Stock Performance

Computer Modelling Group stock opened at C$3.99 on Thursday. The company has a debt-to-equity ratio of 45.07, a current ratio of 1.30 and a quick ratio of 2.25. The stock has a fifty day moving average price of C$4.26 and a two-hundred day moving average price of C$5.08. Computer Modelling Group has a 52-week low of C$3.55 and a 52-week high of C$8.58. The firm has a market capitalization of C$318.00 million, a P/E ratio of 19.95, a P/E/G ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last announced its quarterly earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$32.69 million during the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. As a group, analysts anticipate that Computer Modelling Group will post 0.3055122 EPS for the current fiscal year.

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