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

Key Points

• National Bank Financial cut its price target on Computer Modelling Group from C$6.00 to C$5.00 while maintaining a "sector perform" rating, implying about a 26.6% upside from the current share price.
• Other analysts are mixed—Raymond James trimmed its target to C$7.00 (outperform) while Ventum raised its target to C$6.75 (buy)—and the stock carries a consensus rating of Moderate Buy with a consensus target of C$6.05.
• Shares were trading around C$3.95 (down ~2.2%), with a market cap of C$314.8M, a P/E of 19.75 and a 52‑week range of C$3.55–C$8.58, reflecting a lower valuation versus last year’s highs.

Computer Modelling Group (TSE:CMG - Get Free Report) had its price target reduced by investment analysts at National Bank Financial from C$6.00 to C$5.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's target price suggests a potential upside of 26.58% from the company's current price.

Several other research firms also recently issued reports on CMG. Raymond James Financial decreased their price objective on shares of Computer Modelling Group from C$10.00 to C$7.00 and set an "outperform" rating for the company in a research note on Wednesday, February 11th. Ventum Financial boosted their price objective on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a "buy" rating in a research note on Thursday, March 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$6.05.

Computer Modelling Group Trading Down 2.2%

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

Computer Modelling Group (TSE:CMG - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported C$0.07 earnings per share (EPS) for the quarter. Computer Modelling Group had a net margin of 13.54% and a return on equity of 19.68%. The firm had revenue of C$32.69 million during the quarter. Equities research analysts expect 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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