BMO Capital Markets Raises Computational Modeling Group (TSE:CMG) Price Target to C$5.25

Computer Modeling Group (IS: CMGGet a rating) had its price target raised by stock analysts at BMO Capital Markets from C$5.00 to C$5.25 in a research note released Friday to investors, BayStreet.CA reports. BMO Capital Markets’ price target indicates a potential downside of 4.89% from the company’s current price.

Separately, Barclays reduced Computer Modeling Group shares to a “sell” rating and set a target price of C$5.00 for the company. in a research note on Thursday, October 6.

Computer Modeling Group Price Performance

Shares of IS: CMG traded at C$0.01 during Friday’s trading, reaching C$5.52. The stock recorded a trading volume of 25,567 shares, compared to an average volume of 75,351 shares. Computer Modeling Group has a 52-week low of C$4.01 and a 52-week high of C$5.72. The company’s 50-day moving average price is C$5.02 and its 200-day moving average price is C$4.83. The company has a debt ratio of 84.08, a current ratio of 2.25 and a quick ratio of 2.19. The stock has a market capitalization of C$443.45 million and a PE ratio of 24.00.

Computer Modeling Group (IS: CMGGet a rating) last reported results on Wednesday, August 10. The company reported earnings per share (EPS) of C$0.05 for the quarter. The company had revenue of C$16.11 million in the quarter. As a group, stock analysts predict Computer Modeling Group will post 0.26 earnings per share for the current year.

About the Computer Modeling Group

(Get a rating)

Computer Modeling Group Ltd., a software technology company, develops and licenses reservoir simulation software in Canada and internationally. The company offers CMOST-AI, an intelligent optimization and analysis tool that offers a solution for the reservoir by combining statistical analysis, machine learning and unbiased interpretation of data; IMEX, a black oil simulator used to model primary and secondary oil recovery processes in conventional and unconventional oil and gas reservoirs; GEM, an equation of state reservoir simulator for compositional, chemical and unconventional modeling of reservoirs; STARS, a thermal reservoir and process simulator for modeling steam, solvent, air and chemical recovery processes; and CoFlow, reservoir and production system modeling software that enables reservoir and production engineers to make informed decisions on large integrated oil and gas projects in Canada.

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