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

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

A number of other equities research analysts have also recently weighed in on CMG. Ventum Financial boosted 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 research report on Thursday, March 26th. Raymond James Financial reduced 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 research report on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.75.

Computer Modelling Group Stock Performance

CMG traded down C$0.08 on Wednesday, reaching C$3.79. The company had a trading volume of 148,407 shares, compared to its average volume of 211,487. Computer Modelling Group has a 1 year low of C$3.55 and a 1 year high of C$8.23. The stock has a market capitalization of C$302.06 million, a PE ratio of 18.05, a P/E/G ratio of 1.97 and a beta of -0.67. The company has a quick ratio of 2.25, a current ratio of 1.00 and a debt-to-equity ratio of 55.24. The stock has a 50-day moving average price of C$3.98 and a 200-day moving average price of C$4.52.

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