Computer Modelling (CMG) Receives a Hold from Canaccord Genuity


Computer Modelling (CMG), the Technology company, has received a rating update from a Wall Street analyst today. Analyst Doug Taylor from Canaccord Genuity reiterated a Hold rating, with a C$7.50 price target.

According to TipRanks.com, Taylor is ranked #2117 out of 5152 analysts.

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The word on The Street in general, suggests a Hold analyst consensus rating for Computer Modelling with a C$8.25 average price target.

Computer Modelling’s market cap is currently C$588.1M and has a P/E ratio of 28.8. The company has a Price to Book ratio of 11.75.

Computer Modelling Group Ltd. engages in the development and licensing of reservoir simulation software. It assists oil and gas companies with extracting significantly increased volumes of oil and gas from their reservoirs. It operates through the following geographical segments: Canada, United States, South America, and Eastern Hemisphere.

The company’s shares closed on Tuesday at C$7.33.