Acumen Capital Increases Computer Modelling Group (TSE:CMG) Price Target to C$13.00

Computer Modelling Group (TSE:CMG) had its price target hoisted by equities research analysts at Acumen Capital from C$12.00 to C$13.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s target price would suggest a potential upside of 4.75% from the company’s current price.

A number of other equities research analysts also recently issued reports on CMG. Canaccord Genuity Group increased their price target on Computer Modelling Group from C$11.00 to C$12.00 and gave the stock a “buy” rating in a research report on Friday. National Bankshares set a C$12.50 target price on Computer Modelling Group and gave the company an “outperform” rating in a report on Thursday, January 25th. Finally, Barclays raised their target price on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$11.75.

Computer Modelling Group Trading Up 9.7 %

Shares of TSE:CMG opened at C$12.41 on Friday. The company has a market capitalization of C$1.01 billion, a P/E ratio of 42.79, a P/E/G ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a 1 year low of C$6.21 and a 1 year high of C$12.52. The company has a debt-to-equity ratio of 59.81, a current ratio of 1.76 and a quick ratio of 2.25. The business’s 50 day simple moving average is C$10.56 and its 200 day simple moving average is C$10.11.

Insider Activity

In other news, Senior Officer Robert David Hicks sold 20,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$10.15, for a total value of C$203,000.00. In other news, Senior Officer Robert David Hicks sold 20,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of C$10.15, for a total value of C$203,000.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of C$10.75, for a total value of C$107,500.00. In the last ninety days, insiders sold 196,000 shares of company stock worth $2,020,420. Insiders own 1.37% of the company’s stock.

About Computer Modelling Group

Computer Modelling Group Ltd., a software and consulting technology company, engages in the development and licensing of reservoir simulation and seismic interpretation software and related services. The company offers CMOST-AI, an optimization and analysis tool that offers solution for reservoir by combining advanced statistical analysis, machine learning, and impartial data interpretation; IMEX, a black oil simulator that is used to model primary, secondary, and tertiary oil recovery processes in conventional and unconventional reservoirs; and GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling.