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An announcement from Computer Modelling ( (TSE:CMG) ) is now available.
Computer Modelling Group Ltd. (CMG) has announced the acquisition of SeisWare International Inc., a company known for its geoscience solutions, to enhance its seismic interpretation capabilities. This strategic acquisition, valued at approximately US$6.6 million, is expected to bolster CMG’s offerings in the energy sector, integrating SeisWare’s expertise and team into its operations, with Herman Nieuwoudt taking on a leadership role to oversee seismic technologies.
The most recent analyst rating on (TSE:CMG) stock is a Buy with a C$13.00 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 Outperform.
CMG’s overall stock score is driven by its robust financial performance and positive corporate events. The technical analysis supports a moderate bullish outlook, while the valuation indicates potential overvaluation risks. The absence of earnings call data does not affect the analysis significantly.
To see Spark’s full report on TSE:CMG stock, click here.
More about Computer Modelling
Computer Modelling Group Ltd. (CMG) is a global software and consulting company that specializes in solving complex subsurface and surface challenges for the new energy industry. Headquartered in Calgary, Alberta, CMG combines science and technology with deep industry expertise, and has a worldwide presence with offices in cities like Houston, Oxford, Dubai, and Rio de Janeiro.
Average Trading Volume: 162,882
Technical Sentiment Signal: Hold
Current Market Cap: C$651.2M
For a thorough assessment of CMG stock, go to TipRanks’ Stock Analysis page.