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Computer Modelling ( (TSE:CMG) ) just unveiled an update.
Computer Modelling Group Ltd. (CMG) has signed a multi-year software licensing agreement with Shell for its suite of simulation solutions, including CoFlow™, marking a significant milestone in their long-term collaboration. This agreement highlights the transition of CoFlow™ from a research initiative to a commercial product, enhancing decision-making and operational efficiency for customers, and reinforcing CMG’s leadership in advanced simulation software.
The most recent analyst rating on (TSE:CMG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Computer Modelling stock, see the TSE:CMG Stock Forecast page.
Spark’s Take on TSE:CMG Stock
According to Spark, TipRanks’ AI Analyst, TSE:CMG is a Neutral.
The overall stock score of 60 reflects strong financial performance but is weighed down by bearish technical indicators and a valuation that doesn’t fully compensate for recent negative revenue growth. The lack of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on TSE:CMG stock, click here.
More about Computer Modelling
CMG (TSX:CMG) is a global software and consulting company that integrates science and technology with industry expertise to address complex subsurface and surface challenges in the new energy sector. Headquartered in Calgary, AB, CMG operates worldwide with offices in major cities including Houston, Oxford, Dubai, and Rio de Janeiro.
Average Trading Volume: 252,183
Technical Sentiment Signal: Sell
Current Market Cap: C$426M
For an in-depth examination of CMG stock, go to TipRanks’ Overview page.