Computer Modelling Group Ltd T.CMG

Alternate Symbol(s): CMDXF

Technology Software - Application

Computer Modelling Group Ltd. is a Canada-based global software and consulting company. The Company is engaged in the development and licensing of reservoir simulation and seismic interpretation software. The Company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The Company operates through two segments: CMG and BHV. The CMG segment is engaged in the development and licensing of reservoir simulation software. The BHV segment is engaged in the development and licensing of seismic interpretation software. The Company has a diverse customer base of international oil companies in approximately 60 countries. The Company’s software includes CMOST, IMEX, GEM, STARS, CoFlow, Builder, Results and WinProp. The Company has sales and technical support services based in Calgary, Houston, London, Dubai, Bogota, and Kuala Lumpur.

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Computer Modelling Group Ltd

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Post by malx1on May 31, 2024 1:39pm

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Post# 36066659

National Bank Raises Computer Modelling Group Target to $14

Computer Modelling Group Ltd CMG:TSX - News Alert

National Bank Raises Computer Modelling Group Target to $14, Maintains Outperform

01:17 PM EDT, 05/31/2024 (MT Newswires) -- National Bank hosted investor meetings in New York with Computer Modelling Group management Pramod Jain (CEO), Sandra Balic (CFO) and Kim MacEachern (Director of Investor Relations).

"What we heard from those meetings has increased our confidence in this name with incremental takeaways reinforcing our thesis," analyst John Shao writes. The company appears to have completed its heavy lifting in product development and strategic shifts (organization structure, compensation, R&D and go-to-market strategy), and Shao believes CMG is now well positioned to generate meaningful organic and inorganic growth.