The Globe and Mail reports in its Thursday, Sept. 12, edition that National Bank Financial analyst John Shao continues to rate Computer Modelling Group "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Shao continues to target the shares at $14. Analysts on average target the shares at $14.71. Mr. Shao says in a note: "While we have certainly noticed the stock's pullback since last earnings, we believe it's more driven by the market volatility and the broad movement of the energy prices -- if anything, those issues should be eliminated as the company continues to execute its M&A strategy to bring scale and diversification to its business. Computer Modelling Group's biggest advantage is the simulation of complex use cases such as EOR, thermal and CCS. While Computer Modelling Group is in a defensive position due to its already high market share in that segment, we do see an offensive move when it comes to penetrating the lower end of the market to capture volume, and we believe Computer Modelling Group has already been growing its market share in conventional assets by re-bundling its existing products and lowering its price (as an entry point for future upselling)."