Bullboard - Stock Discussion Forum Computer Modelling Group Ltd T.CMG

Alternate Symbol(s): CMDXF

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... see more

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TSX:CMG - Post Discussion

Computer Modelling Group Ltd > National Bank starts Coverage of CMG with $12.50 target

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Post by malx1 on Jan 25, 2024 11:18am

National Bank starts Coverage of CMG with $12.50 target

National Bank Launches Coverage of Computer Modelling Group; Up 2.8%

11:15 AM EST, 01/25/2024 (MT Newswires) -- National Bank said Wednesday that it has initiated coverage on Computer Modelling Group Ltd. (CMG.TO) at outperform and a price target of C$12.50 based on the bank's multi-stage DCF that captures both the existing business and the M&A optionality.

"Computer Modelling Group (CMG) targets the global oil and gas industry with a suite of market-leading reservoir simulation software to optimize and derisk hydrocarbon production," the analysts noted.

Computer Modelling Group is a Canada-based global software and consulting company.

The company's stock was up 2.8% on last look on Thursday.

Price: 9.80, Change: +0.25, Percent Change: +2.62

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