BMO Capital Markets set a C$9.00 price target on Computer Modelling Group (TSE:CMG) in a report published on Friday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other research analysts have also recently commented on the company. Canaccord Genuity upgraded Computer Modelling Group from a hold rating to a buy rating in a research report on Thursday. Echelon Wealth Partners restated a hold rating on shares of Computer Modelling Group in a research report on Wednesday, February 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Computer Modelling Group currently has an average rating of Hold and a consensus target price of C$8.38.
Shares of TSE CMG opened at C$7.08 on Friday. Computer Modelling Group has a 52 week low of C$5.25 and a 52 week high of C$10.36. The firm has a market capitalization of $568.01 million and a P/E ratio of 25.47.
Computer Modelling Group Ltd., a computer software technology company, develops and licenses reservoir simulation software in Canada. The company offers CMOST AI, an intelligent optimization and analysis tool that offers solution for its reservoir by combining statistical analysis, machine learning, and non-biased data interpretation; IMEX, a black oil simulator that is used to model primary and secondary oil recovery processes in conventional and unconventional oil/gas reservoirs; GEM, an equation-of-state reservoir simulator for compositional, chemical, and unconventional reservoir modelling; STARS, a thermal and processes reservoir simulator for the modelling of steam, solvents, air, and chemical recovery processes; and CoFlow, a reservoir and production system modelling software that allows reservoir and production engineers to collaborate on the same asset.
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