Computer Modelling Receives a Hold from GMP FirstEnergy

By Ryan Adsit

Yesterday, an analyst has provided a rating update for the Technology company, Computer Modelling (TSX: CMG). The company received a Hold rating from GMP FirstEnergy’s analyst Justin Keywood, with a C$9 price target.

According to TipRanks.com, Keywood is ranked #3266 out of 4555 analysts.

Computer Modelling has an analyst consensus of Hold, with a price target consensus of C$9.67.

The company has a one year high of C$11.32 and a one year low of C$8.20. Currently, Computer Modelling has an average volume of 107.8K.

Computer Modelling Group Ltd. engages in the development and supply of reservoir simulation technologies. The firm develops and licenses reservoir simulation software, and provides professional services such as support, training, consulting, and contract research activities. It operates through the following geographical segments: Canada, United States, South America, and Eastern Hemisphere. The company was founded by Frank L. Meyer in 1978 and is headquartered in Calgary, Canada.

The company’s shares closed last Friday at $10.12.