06:06:58 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Computer Modelling Group Ltd
Symbol CMG
Shares Issued 80,799,002
Close 2023-08-16 C$ 7.89
Market Cap C$ 637,504,126
Recent Sedar Documents

Globe says Computer Modelling kept at "underweight"

2023-08-16 07:56 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 16, edition that Barclays analyst J. David Anderson is sticking with his "underweight" recommendation for Computer Modelling Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Anderson hiked his share target to $7 from $6. Analysts on average target the shares at $8.30. Mr. Anderson says in a note, "Both Pason [Systems] and Computer Modelling reported 2Q last week, with the former posting revenue per industry day at near-record levels, and the latter with EBITDA well above expectations (with 22 per cent of software sales from energy transition), a sign that operators are continuing to spend on drilling data (PSI) and reservoir modeling (CMG)." The Globe reported on May 24, 2022, that BMO Nesbitt Burns analyst John Gibson was keeping his "market perform" call for Computer Modelling intact. The shares could then be had for $4.91. The Globe reported on Feb. 10, 2023, that Canaccord Genuity analyst Doug Taylor maintained Computer Modelling at "buy." He believed the company warranted "a further valuation bump." The shares were then going for $6.59.

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