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Computer Modelling Group (CMG) Stock Forecast & Price Target

C$14.04
+0.02 (+0.14%)
(As of 07/19/2024 ET)

Computer Modelling Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 10 Wall Street analysts who have issued ratings for Computer Modelling Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 1 has given a sell rating, 1 has given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CMG.

Consensus Price Target

C$12.56
-10.57% Downside
High ForecastC$15.00
Average ForecastC$12.56
Low ForecastC$9.00

According to the 10 analysts' twelve-month price targets for Computer Modelling Group, the average price target is C$12.56. The highest price target for CMG is C$15.00, while the lowest price target for CMG is C$9.00. The average price target represents a forecasted downside of -10.57% from the current price of C$14.04.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Strong Sell
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
5 Buy rating(s)
0 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$12.56C$12.28C$10.83C$7.00
Forecasted Upside-10.57% Downside7.62% Upside17.07% Upside4.79% Upside
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CMG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CMG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Computer Modelling Group Stock vs. The Competition

TypeComputer Modelling GroupComputer and Technology Companies
Consensus Rating Score
2.80
2.61
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingPositive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/16/2024BMO Capital Markets
3 of 5 stars
 Boost TargetC$13.00 ➝ C$14.00-0.21%
6/17/2024Raymond James
4 of 5 stars
S. Li
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Set TargetOutperformC$15.00+15.65%
5/31/2024National Bankshares
1 of 5 stars
 Boost TargetOutperformC$12.50 ➝ C$14.00+10.06%
5/24/2024Cibc World Mkts
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S. Fletcher
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UpgradeStrong-Buy
5/24/2024CIBC
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 Set TargetOutperformC$13.50+11.20%
5/24/2024Echelon Wealth Partners
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 Boost TargetBuyC$11.50 ➝ C$13.00+7.08%
5/24/2024Acumen Capital
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 Boost TargetBuyC$12.00 ➝ C$13.00+7.08%
5/24/2024Canaccord Genuity Group
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 Boost TargetBuyC$11.00 ➝ C$12.00-1.15%
2/20/2024Barclays
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 Boost TargetUnderweightC$8.00 ➝ C$9.00-6.74%
8/31/2023Industrial Alliance Securities
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 Set TargetBuyC$9.50+11.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:08 AM ET.

CMG Forecast - Frequently Asked Questions

What is Computer Modelling Group's forecast for 2024?

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Computer Modelling Group is C$12.56, with a high forecast of C$15.00 and a low forecast of C$9.00.

Should I buy or sell Computer Modelling Group stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Computer Modelling Group in the last year. There is currently 1 sell rating, 1 hold rating, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CMG shares.

Does Computer Modelling Group's stock price have much upside?

According to analysts, Computer Modelling Group's stock has a predicted upside of 8.06% based on their 12-month stock forecasts.

Has Computer Modelling Group been upgraded by Wall Street analysts recently?

Over the previous 90 days, Computer Modelling Group's stock had 2 upgrades by analysts.

What analysts cover Computer Modelling Group?

Computer Modelling Group has been rated by research analysts at Acumen Capital, BMO Capital Markets, Canaccord Genuity Group, CIBC, Cibc World Mkts, Echelon Wealth Partners, National Bankshares, and Raymond James in the past 90 days.

Do Wall Street analysts like Computer Modelling Group more than its competitors?

Analysts like Computer Modelling Group more than other "computer and technology" companies. The consensus rating score for Computer Modelling Group is 2.80 while the average consensus rating score for "computer and technology" companies is 2.61. Learn more on how CMG compares to other companies.


This page (TSE:CMG) was last updated on 7/20/2024 by MarketBeat.com Staff

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