CIBC Has Lowered Expectations for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its target price cut by equities researchers at CIBC from C$7.50 to C$6.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective points to a potential upside of 23.11% from the company’s current price.

Computer Modelling Group Stock Down 0.8%

Shares of TSE:CMG opened at C$5.28 on Wednesday. The company has a debt-to-equity ratio of 47.62, a current ratio of 1.27 and a quick ratio of 2.25. The firm has a market capitalization of C$436.06 million, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.97 and a beta of -0.19. The firm’s 50-day moving average is C$6.10 and its two-hundred day moving average is C$6.92. Computer Modelling Group has a 1 year low of C$5.08 and a 1 year high of C$12.50.

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.