Computer Modelling Group (TSE:CMG) PT Set at C$13.50 by CIBC

Computer Modelling Group (TSE:CMG) has been given a C$13.50 target price by analysts at CIBC in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 8.78% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Acumen Capital boosted their price objective on shares of Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Friday. National Bankshares set a C$12.50 price objective on shares of Computer Modelling Group and gave the company an “outperform” rating in a research report on Thursday, January 25th. Canaccord Genuity Group boosted their price objective on shares of Computer Modelling Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research report on Friday. Barclays boosted their price objective on shares of Computer Modelling Group from C$8.00 to C$9.00 and gave the company an “underweight” rating in a research report on Tuesday, February 20th. Finally, Echelon Wealth Partners boosted their price objective on shares of Computer Modelling Group from C$11.50 to C$13.00 and gave the company a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$11.75.

Computer Modelling Group Stock Performance

Shares of CMG opened at C$12.41 on Friday. The company has a 50-day moving average of C$10.56 and a two-hundred day moving average of C$10.11. The company has a current ratio of 1.76, a quick ratio of 2.25 and a debt-to-equity ratio of 59.81. The stock has a market cap of C$1.01 billion, a P/E ratio of 42.79, a PEG ratio of 1.97 and a beta of 1.14. Computer Modelling Group has a 12-month low of C$6.21 and a 12-month high of C$12.52.

Insider Activity at Computer Modelling Group

In related news, Director Kenneth Michael Dedeluk sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of C$10.75, for a total value of C$107,500.00. In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 16,000 shares of the business’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 business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of C$10.75, for a total transaction of C$107,500.00. Over the last three months, insiders sold 196,000 shares of company stock worth $2,020,420. 1.37% of the stock is owned by company insiders.

Computer Modelling Group Company Profile

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.