Computer Modelling Group Ltd. (CMG) Given New C$9.00 Price Target at Scotiabank

Computer Modelling Group Ltd. (TSE:CMG) had its price objective raised by Scotiabank from C$8.00 to C$9.00 in a research report released on Friday morning. The brokerage currently has an underperform rating on the stock.

Separately, Canaccord Genuity raised Computer Modelling Group from a sell rating to a hold rating in a report on Friday, August 11th.

Shares of Computer Modelling Group (TSE:CMG) traded down C$0.01 on Friday, hitting C$10.21. The stock had a trading volume of 146,476 shares, compared to its average volume of 93,210. Computer Modelling Group has a twelve month low of C$8.20 and a twelve month high of C$11.32.

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In other news, insider Ryan Nicolas Schneider sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of C$9.45, for a total transaction of C$236,250.00. Also, Director Patrick Jamieson sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of C$10.15, for a total value of C$111,650.00. In the last three months, insiders have bought 1,070 shares of company stock worth $10,097.

Computer Modelling Group Company Profile

Computer Modelling Group Ltd. (CMG) is a Canada-based computer software technology company serving the oil and gas industry. The Company operates through the development and licensing of reservoir simulation software segment. The Company is a supplier of process reservoir modelling software with a blue chip customer base of international oil companies and technology centers in approximately 60 countries.

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