Computer Modelling Group (TSE:CMG) Price Target Raised to C$6.75

Key Points

• Ventum Financial raised its target price on Computer Modelling Group to C$6.75 and keeps a "buy" rating, implying about a 76.24% upside from the stock's current level.
• CMG traded at C$3.83 (up 4.4%); the consensus is a "Moderate Buy" (average target C$6.25 from 2 buy and 2 hold ratings), with a market cap of ~C$305M, P/E ~19.15, and last quarter EPS C$0.07 on C$32.69M revenue.

Computer Modelling Group (TSE:CMG - Get Free Report) had its target price boosted by equities research analysts at Ventum Financial from C$6.50 to C$6.75 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Ventum Financial's target price indicates a potential upside of 76.24% from the company's current price.

Several other equities analysts have also issued reports on CMG. 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. Canadian Imperial Bank of Commerce reduced their target price on Computer Modelling Group from C$6.50 to C$5.50 in a research report on Monday, December 15th. Finally, National Bank Financial set a C$6.00 price target on Computer Modelling Group and gave the stock a "sector perform" rating in a report on Thursday, December 18th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$6.25.

Computer Modelling Group Stock Up 4.4%

CMG stock traded up C$0.16 during trading on Thursday, reaching C$3.83. 97,908 shares of the company traded hands, compared to its average volume of 245,248. The business has a 50 day simple moving average of C$4.31 and a 200 day simple moving average of C$5.11. Computer Modelling Group has a 12 month low of C$3.55 and a 12 month high of C$8.58. The company has a debt-to-equity ratio of 45.07, a quick ratio of 2.25 and a current ratio of 1.30. The company has a market capitalization of C$305.24 million, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported C$0.07 EPS for the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. The business had revenue of C$32.69 million during the quarter. On average, equities research analysts anticipate that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal 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.

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