Echelon Wealth Partners Increases Computer Modelling Group (TSE:CMG) Price Target to C$13.00

Computer Modelling Group (TSE:CMG) had its price objective raised by equities researchers at Echelon Wealth Partners from C$11.50 to C$13.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Echelon Wealth Partners’ price objective would indicate a potential upside of 4.75% from the company’s previous close. Echelon Wealth Partners also issued estimates for Computer Modelling Group’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.10 EPS, Q4 2025 earnings at $0.10 EPS and FY2026 earnings at $0.42 EPS.

Other research analysts have also issued reports about the company. Acumen Capital upped their target price on Computer Modelling Group from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Friday. Barclays upped their target price 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 target price on Computer Modelling Group and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Canaccord Genuity Group upped their target price on Computer Modelling Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$11.75.

Computer Modelling Group Stock Up 9.7 %

CMG opened at C$12.41 on Friday. The business has a 50 day moving average of C$10.56 and a 200-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 capitalization of C$1.01 billion, a price-to-earnings 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.

Insiders Place Their Bets

In other Computer Modelling Group news, Senior Officer Robert David Hicks sold 20,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$10.20, for a total transaction of C$204,000.00. In other news, Senior Officer Long X. Nghiem sold 40,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$10.10, for a total value of C$404,000.00. Also, Senior Officer Robert David Hicks sold 20,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$10.20, for a total value of C$204,000.00. Insiders sold 196,000 shares of company stock worth $2,020,420 over the last three months. 1.37% of the stock is currently owned by corporate insiders.

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.