National Bank Financial Cuts Computer Modelling Group (TSE:CMG) Price Target to C$4.50

Computer Modelling Group (TSE:CMG) had its target price cut by analysts at National Bank Financial from C$5.00 to C$4.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 18.73% from the stock’s current price.

Several other research firms have also recently issued reports on CMG. Raymond James Financial cut their price target on shares of Computer Modelling Group from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, May 22nd. Ventum Financial increased their price target on shares of Computer Modelling Group from C$6.50 to C$6.75 and gave the stock a “buy” rating in a report on Thursday, March 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.75.

Computer Modelling Group Stock Performance

Shares of TSE:CMG traded down C$0.08 on Wednesday, reaching C$3.79. The company’s stock had a trading volume of 148,407 shares, compared to its average volume of 211,487. The stock’s 50-day moving average is C$3.98 and its two-hundred day moving average is C$4.52. Computer Modelling Group has a 52-week low of C$3.55 and a 52-week high of C$8.23. The company has a debt-to-equity ratio of 55.24, a current ratio of 1.00 and a quick ratio of 2.25. The stock has a market capitalization of C$302.06 million, a P/E ratio of 18.05, a PEG ratio of 1.97 and a beta of -0.67.

Computer Modelling Group (TSE:CMG) last posted its quarterly earnings results on Thursday, May 21st. The company reported C$0.07 earnings per share (EPS) for the quarter. The firm had revenue of C$33.67 million during the quarter. Computer Modelling Group had a net margin of 13.80% and a return on equity of 20.50%. As a group, sell-side analysts forecast that Computer Modelling Group will post 0.3055122 EPS 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.