Will Computer Modelling Group Ltd. Go Down Anytime Soon?

 Will Computer Modelling Group Ltd. Go Down Anytime Soon?

The stock of Computer Modelling Group Ltd. (TSE:CMG) is a huge mover today! About 29,738 shares traded hands. Computer Modelling Group Ltd. (TSE:CMG) has declined 16.42% since April 12, 2016 and is downtrending. It has underperformed by 21.11% the S&P500.
The move comes after 7 months positive chart setup for the $703.92M company. It was reported on Nov, 16 by Barchart.com. We have $11.89 PT which if reached, will make TSE:CMG worth $260.45M more.

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 12.90% above today’s ($8.68) stock price. Computer Modelling Group Ltd. has been the topic of 11 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Computer Modelling Group Ltd. (TSE:CMG) on Wednesday, November 9 with “Underperform” rating. The stock of Computer Modelling Group Ltd. (TSE:CMG) has “Underperform” rating given on Tuesday, May 24 by RBC Capital Markets. The stock of Computer Modelling Group Ltd. (TSE:CMG) earned “Underperform” rating by Scotia Capital on Friday, August 12. The company was downgraded on Wednesday, October 14 by Altacorp. Canaccord Genuity initiated it with “Hold” rating and $12.50 target price in Thursday, October 22 report.

More news for Computer Modelling Group Ltd. (TSE:CMG) were recently published by: Marketwired.com, which released: “Computer Modelling Group Declares Quarterly Dividend” on November 07, 2016. Seekingalpha.com‘s article titled: “Computer Modelling Group: Thoughts On Dividend Sustainability” and published on September 06, 2016 is yet another important article.

Computer Modelling Group Ltd. is a Canada computer software technology firm serving the gas and oil industry. The company has a market cap of $703.92 million. The Firm operates through the development and licensing of reservoir simulation software segment. It has a 29.17 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment