09:33:39 EDT Wed 02 Jul 2025
Enter Symbol
or Name
USA
CA



Computer Modelling Group Ltd
Symbol CMG
Shares Issued 82,436,576
Close 2025-02-12 C$ 9.12
Market Cap C$ 751,821,573
Recent Sedar Documents

Globe says Computer Modelling kept at "neutral"

2025-02-13 06:18 ET - In the News

The Globe and Mail reports in its Thursday, Feb. 13, edition that CIBC World Markets analyst Scott Fletcher is sticking with his "neutral" recommendation for Computer Modelling. The Globe's David Leeder writes that Mr. Fletcher lowered his share target to $11 from $14.50. Analysts on average target the shares at $13.43. Mr. Fletcher says in a note: "Computer Modelling Group delivered solid Q3/F25 results [Tuesday] evening. We were looking for a rebound in reservoir and production solutions (legacy CMG) recurring sales following last quarter's disappointing print -- and we got it. Perpetual sales in this segment, which tend to be sporadic, came in a little lower, but this is not a concern. Meanwhile, the newly formed seismic solutions division (Sharp and BHV acquisitions) performed very well, with EBITDA handily exceeding what we considered a lofty estimate. Overall, this was a solid quarter, broadly in line with our expectations. That said, the outlook is more mixed. In the letter to shareholders, management flagged increasing price sensitivity among customers and heightened uncertainty surrounding global energy transition policies. They also noted a slowdown in decision-making at many organizations."

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