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Computer Modelling ( (TSE:CMG) ) just unveiled an update.
Computer Modelling Group Ltd. (CMG) has appointed Vipin Khullar as its new Chief Financial Officer, highlighting a strategic move to bolster its growth strategy through acquisitions and financial discipline. This leadership change is expected to enhance CMG’s operational capabilities and support its ambitious CMG 4.0 strategy, with Khullar’s experience in financial leadership and acquisitions playing a crucial role in the company’s future development.
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.
The strong financial performance and positive corporate events are significant strengths for Computer Modelling, indicating potential for sustained growth. While technical analysis and valuation suggest some caution, particularly in long-term technical trends and moderate valuation, the strategic partnership with Baker Hughes provides a positive outlook and strengthens the stock’s position.
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 extensive industry expertise to address complex subsurface and surface challenges in the new energy sector worldwide. Headquartered in Calgary, AB, CMG operates through offices in major cities including Houston, Oxford, Dubai, and others.
Average Trading Volume: 165,723
Technical Sentiment Signal: Hold
Current Market Cap: C$661.1M
For a thorough assessment of CMG stock, go to TipRanks’ Stock Analysis page.