Computer Modelling Group Ltd. Just Recorded A Sigfniciant Decline

 Computer Modelling Group Ltd. Just Recorded A Sigfniciant Decline

The stock of Computer Modelling Group Ltd. (TSE:CMG) is a huge mover today! About 20,939 shares traded hands. Computer Modelling Group Ltd. (TSE:CMG) has declined 4.51% since April 1, 2016 and is downtrending. It has underperformed by 6.47% the S&P500.
The move comes after 8 months negative chart setup for the $717.27M company. It was reported on Nov, 8 by Barchart.com. We have $8.19 PT which if reached, will make TSE:CMG worth $64.55M less.

Computer Modelling Group Ltd. (TSE:CMG) Ratings Coverage

Out of 4 analysts covering Computer Modelling Group Ltd. (TSE:CMG), 1 rate it a “Buy”, 2 “Sell”, while 1 “Hold”. This means 25% are positive. $13 is the highest target while $8 is the lowest. The $9.80 average target is 8.89% above today’s ($9) stock price. Computer Modelling Group Ltd. has been the topic of 9 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Wednesday, October 14 by Altacorp. The stock of Computer Modelling Group Ltd. (TSE:CMG) earned “Hold” rating by Canaccord Genuity on Thursday, October 22. As per Tuesday, May 24, the company rating was maintained by RBC Capital Markets. Scotia Capital maintained it with “Underperform” rating and $8 target price in Friday, August 12 report.

More notable recent Computer Modelling Group Ltd. (TSE:CMG) news were published by: Marketwired.com which released: “Computer Modelling Group Declares Quarterly Dividend” on November 07, 2016, also Seekingalpha.com with their article: “Computer Modelling Group: Thoughts On Dividend Sustainability” published on September 06, 2016, Marketwired.com published: “Computer Modelling Group Announces Voting Results of Election of Directors” on July 14, 2016. More interesting news about Computer Modelling Group Ltd. (TSE:CMG) were released by: News.Sys-Con.com and their article: “Computer Modelling Group Announces Second Quarter Results” published on November 08, 2016 as well as Marketwatch.com‘s news article titled: “Computer Modelling Group Announces Stock Split” with publication date: May 21, 2014.

Computer Modelling Group Ltd. is a Canada computer software technology firm serving the gas and oil industry. The company has a market cap of $717.27 million. The Firm operates through the development and licensing of reservoir simulation software segment. It has a 28.18 P/E ratio. The Firm 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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