BMO Capital Markets Raises Computer Modelling Group (TSE:CMG) Price Target to C$9.50

Computer Modelling Group (TSE:CMG) had its price objective lifted by equities researchers at BMO Capital Markets from C$9.00 to C$9.50 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 11.90% from the stock’s previous close.

Computer Modelling Group stock traded up C$0.45 during midday trading on Thursday, hitting C$8.49. 129,079 shares of the stock were exchanged, compared to its average volume of 131,126. Computer Modelling Group has a 52-week low of C$5.25 and a 52-week high of C$8.49. The stock has a market capitalization of $645.03 million and a price-to-earnings ratio of 28.21. The business’s 50-day moving average price is C$6.61 and its 200-day moving average price is C$6.67. The company has a quick ratio of 1.79, a current ratio of 1.85 and a debt-to-equity ratio of 100.11.

Computer Modelling Group Company Profile

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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