National Bank Financial Cuts Computer Modelling Group (TSE:CMG) Price Target to C$5.00

Computer Modelling Group (TSE:CMG) had its price objective cut by analysts at National Bank Financial from C$6.00 to C$5.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective indicates a potential upside of 26.58% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Ventum Financial upped their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the company a “buy” rating in a report on Thursday, March 26th. Raymond James Financial cut their price target on shares of 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$6.05.

Computer Modelling Group Stock Down 2.2%

Shares of CMG stock traded down C$0.09 on Monday, hitting C$3.95. The stock had a trading volume of 64,624 shares, compared to its average volume of 219,200. The firm has a market capitalization of C$314.81 million, a price-to-earnings ratio of 19.75, a P/E/G ratio of 1.97 and a beta of -0.65. The stock’s 50 day moving average is C$4.04 and its 200-day moving average is C$4.77. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. Computer Modelling Group has a 52-week low of C$3.55 and a 52-week high of C$8.58.

Computer Modelling Group (TSE:CMG) last announced its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. The business 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, research analysts expect that Computer Modelling Group will post 0.3055122 earnings per share for the current 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.