The Computer Modelling Group Ltd. (CMG) Price Target Lowered to C$7.00 at Scotiabank, Report finds

The Computer Modelling Group Ltd. (CMG) Price Target Lowered to C$7.00 at Scotiabank, Report finds

A number of other research firms also recently weighed in on CMG. Canaccord Genuity raised their price target on shares of Computer Modelling Group from C$7.00 to C$8.00 and gave the company a “sell” rating in a report on Friday. Royal Bank Of Canada cut their price target on shares of Computer Modelling Group from C$8.50 to C$8.00 and set an “underperform” rating on the stock in a report on Wednesday, November 9th.

Computer Modelling Group Ltd. (TSE:CMG) had its target price reduced by Scotiabank from C$8.00 to C$7.00 in a research note issued to investors on Monday. The brokerage presently has an “underperform” rating on the stock. Scotiabank’s target price suggests a potential downside of 25.29% from the company’s current price.

Computer Modelling Group (TSE:CMG) traded down 0.64% during mid-day trading on Monday, reaching $9.31. The company’s stock had a trading volume of 30,047 shares. Computer Modelling Group has a 1-year low of $8.04 and a 1-year high of $10.88. The stock has a market capitalization of $750.90 million and a P/E ratio of 32.10. The stock’s 50 day moving average price is $9.28 and its 200 day moving average price is $9.45.

About Computer Modelling Group

Computer Modelling Group Ltd. (CMG) is a Canada-based computer software technology company serving the oil and gas industry. The Company operates through the development and licensing of reservoir simulation software segment. The Company is a supplier of process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries.

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