Raymond James Financial Has Lowered Expectations for Computer Modelling Group (TSE:CMG) Stock Price

Computer Modelling Group (TSE:CMG) had its target price cut by investment analysts at Raymond James Financial from C$10.00 to C$7.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price target points to a potential upside of 77.22% from the stock’s previous close.

A number of other research firms have also recently weighed in on CMG. Ventum Financial upgraded shares of Computer Modelling Group from a “neutral” rating to a “buy” rating in a report on Thursday, November 13th. BMO Capital Markets decreased their target price on shares of Computer Modelling Group from C$7.00 to C$6.00 in a research report on Wednesday, November 12th. Canadian Imperial Bank of Commerce lowered their target price on shares of Computer Modelling Group from C$6.50 to C$5.50 in a research note on Monday, December 15th. Ventum Cap Mkts raised shares of Computer Modelling Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Finally, National Bank Financial set a C$6.00 price target on Computer Modelling Group and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Computer Modelling Group presently has an average rating of “Moderate Buy” and a consensus target price of C$6.13.

Computer Modelling Group Trading Up 1.5%

Shares of TSE:CMG opened at C$3.95 on Wednesday. The company has a market capitalization of C$316.59 million, a PE ratio of 19.75, a P/E/G ratio of 1.97 and a beta of -0.64. The company has a current ratio of 1.27, a quick ratio of 2.25 and a debt-to-equity ratio of 47.62. Computer Modelling Group has a 12-month low of C$3.81 and a 12-month high of C$9.17. The business’s fifty day simple moving average is C$5.02 and its 200-day simple moving average is C$5.67.

Computer Modelling Group (TSE:CMG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported C$0.07 earnings per share for the quarter. Computer Modelling Group had a return on equity of 33.54% and a net margin of 19.18%.The firm had revenue of C$32.69 million during the quarter. As a group, equities research analysts predict that Computer Modelling Group will post 0.3055122 earnings per share for the current fiscal year.

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. The firm has operations in over 60 countries in the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.