Topicus.com (CVE:TOI) Trading Down 0.6% - What's Next?

Key Points

• Topicus.com shares were down 0.6% mid-day, trading as low as C$95.07 and last at C$96.54 on volume of 49,208 shares, a 63% decline from the average session volume of 133,047.
• Analysts have trimmed targets recently — Royal Bank of Canada cut its price objective to C$150 (from C$160) and TD Securities lowered theirs to C$140 (from C$201) — and the stock carries a consensus Buy rating with a consensus price target of C$145.00.
• Key metrics: 50-day simple moving average C$101.04, market capitalization C$8.05 billion, price-to-earnings ratio 193.08, and beta -0.19.

Topicus.com Inc. (CVE:TOI - Get Free Report)'s stock price traded down 0.6% during mid-day trading on Thursday . The company traded as low as C$95.07 and last traded at C$96.54. 49,208 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 133,047 shares. The stock had previously closed at C$97.08.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TOI shares. Royal Bank Of Canada decreased their price objective on Topicus.com from C$160.00 to C$150.00 and set an "outperform" rating for the company in a research note on Thursday, February 26th. TD Securities cut their target price on Topicus.com from C$201.00 to C$140.00 in a research note on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$145.00.

Topicus.com Price Performance

The company has a 50-day simple moving average of C$101.04. The firm has a market capitalization of C$8.05 billion, a price-to-earnings ratio of 193.08 and a beta of -0.19.

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