Computer Modelling Group (TSE:CMG – Get Free Report) had its price objective reduced by research analysts at Barclays from C$9.00 to C$8.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “underweight” rating on the stock. Barclays‘s price target suggests a potential downside of 19.27% from the stock’s previous close.
Several other equities research analysts also recently weighed in on CMG. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Computer Modelling Group in a research note on Tuesday, November 14th. Industrial Alliance Securities set a C$9.50 price objective on shares of Computer Modelling Group and gave the company a “buy” rating in a report on Thursday, August 31st. Canaccord Genuity Group lifted their price objective on shares of Computer Modelling Group from C$10.00 to C$10.50 and gave the company a “hold” rating in a report on Tuesday, November 14th. BMO Capital Markets lifted their price objective on shares of Computer Modelling Group from C$10.00 to C$11.50 and gave the company a “market perform” rating in a report on Tuesday, November 14th. Finally, Acumen Capital lifted their price objective on shares of Computer Modelling Group from C$11.00 to C$11.50 and gave the company a “buy” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Computer Modelling Group has an average rating of “Hold” and an average price target of C$9.75.
Computer Modelling Group Stock Down 0.9 %
Insider Buying and Selling
In related news, Senior Officer Robert David Hicks sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$10.20, for a total transaction of C$102,000.00. 1.64% of the stock is owned by corporate insiders.
Computer Modelling Group Company Profile
Computer Modelling Group Ltd., a computer software technology company, engages in the development and licensing of reservoir simulation software and related services in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.
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