19:43:48 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Computer Modelling Group Ltd
Symbol CMG
Shares Issued 80,926,511
Close 2023-11-21 C$ 9.98
Market Cap C$ 807,646,580
Recent Sedar Documents

Globe says Computer Modelling kept at "underweight"

2023-11-21 09:06 ET - In the News

The Globe and Mail reports in its Tuesday, Nov. 21, edition that Barclays analyst Dave Anderson is sticking with his "underweight" call on Computer Modelling Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Anderson boosted his share target to $8 from $9. Analysts on average target the shares at $10.80. Mr. Anderson says in a note: "FY2Q24 EBITDA of $11.2-million came in above estimates, with up 20 per cent or more year-over-year in nearly every region. Energy transition continued to represent a high proportion of software rev at 22 per cent (mostly carbon capture) -- a natural extension of its reservoir simulation/modeling capabilities. Computer Modelling also closed the $22-million Bluware acquisition." The Globe reported on Oct. 18 that Canaccord Genuity analyst Doug Taylor had lowered his recommendation for Computer Modelling Group to "hold" from "buy." The shares could then be had for $9.46. The Globe reported on Nov. 15 that Canaccord Genuity analyst Robert Young had reaffirmed his "hold" call for Computer Modelling. The shares could then be had for $10.41.

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