Canaccord Genuity Keeps a Hold Rating on Computer Modelling (CMG)

By Carrie Williams

Today, an analyst has provided a rating update for Computer Modelling (CMGResearch Report). Analyst Doug Taylor from Canaccord Genuity rated Computer Modelling (CMGResearch Report) a Hold, setting a C$8 price target.

According to TipRanks.com, Taylor is ranked #1313 out of 4890 analysts.

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Computer Modelling has an analyst consensus of Hold, with a price target consensus of C$8.

Based on Computer Modelling’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$4.26 million. In comparison, last year the company had a net profit of C$4.61 million.

Computer Modelling Group Ltd. engages in the development and licensing of reservoir simulation software. It assists oil and gas companies with extracting significantly increased volumes of oil and gas from their reservoirs. It operates through the following geographical segments: Canada, United States, South America, and Eastern Hemisphere.

The company’s shares closed on Wednesday at C$7.55.