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

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

Other analysts have also issued reports about the company. Ventum Financial raised their target price on Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a research note on Thursday, March 26th. National Bank Financial lowered their target price on Computer Modelling Group from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$5.85.

Computer Modelling Group Price Performance

Computer Modelling Group stock traded down C$0.13 during mid-day trading on Friday, hitting C$3.95. 86,461 shares of the company were exchanged, compared to its average volume of 212,056. The company has a quick ratio of 2.25, a current ratio of 1.30 and a debt-to-equity ratio of 45.07. The business has a fifty day moving average of C$3.98 and a 200 day moving average of C$4.55. Computer Modelling Group has a 1-year low of C$3.55 and a 1-year high of C$8.23. The company has a market capitalization of C$314.81 million, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last released its quarterly earnings data 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 during the quarter. As a group, sell-side analysts expect that Computer Modelling Group will post 0.3055122 earnings per share 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.