Canaccord Genuity Group Increases Computer Modelling Group (TSE:CMG) Price Target to C$12.00

Computer Modelling Group (TSE:CMG) had its price target boosted by research analysts at Canaccord Genuity Group from C$11.00 to C$12.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 3.30% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Barclays upped their price objective on Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. National Bankshares set a C$12.50 price objective on Computer Modelling Group and gave the stock an “outperform” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$11.75.

Computer Modelling Group Price Performance

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

Insider Activity

In other news, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$10.00, for a total value of C$100,000.00. In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 16,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$10.37, for a total transaction of C$165,920.00. Also, Director Kenneth Michael Dedeluk sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$10.00, for a total transaction of C$100,000.00. Insiders sold 196,000 shares of company stock worth $2,020,420 in the last quarter. Corporate 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.