BMO Capital Markets Cuts Computer Modelling Group (TSE:CMG) Price Target to C$6.00

Computer Modelling Group (TSE:CMG) had its target price cut by equities research analysts at BMO Capital Markets from C$7.00 to C$6.00 in a report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets’ price target would indicate a potential upside of 16.96% from the company’s current price.

Separately, CIBC lowered their target price on Computer Modelling Group from C$7.50 to C$6.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$10.30.

Computer Modelling Group Stock Performance

Computer Modelling Group stock traded up C$0.03 during mid-day trading on Wednesday, reaching C$5.13. 637,798 shares of the company’s stock were exchanged, compared to its average volume of 211,334. The business’s fifty day simple moving average is C$5.93 and its 200 day simple moving average is C$6.78. The company has a quick ratio of 2.25, a current ratio of 1.27 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a one year low of C$4.80 and a one year high of C$11.57. The firm has a market capitalization of C$423.67 million, a PE ratio of 19.73, a P/E/G ratio of 1.97 and a beta of -0.21.

About Computer Modelling Group

Computer Modelling Group Ltd is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.