Solium Capital Upgraded to “Buy” at Pi Financial (SUM)
Solium Capital (TSE:SUM) was upgraded by Pi Financial from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a C$6.25 target price on the stock. Pi Financial’s price objective suggests a potential upside of 22.07% from the stock’s previous close.
Solium Capital (TSE:SUM) traded up 4.49% during mid-day trading on Tuesday, hitting $5.35. 65,502 shares of the company’s stock traded hands. Solium Capital has a 52 week low of $1.97 and a 52 week high of $6.80. The stock’s 50-day moving average is $5.78 and its 200-day moving average is $4.77. The company has a market cap of $229.1 million and a price-to-earnings ratio of 38.50.
A number of other firms have also recently commented on SUM. Analysts at LB Securities downgraded shares of Solium Capital (TSE:SUM) from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. Separately, analysts at Laurentian downgraded shares of Solium Capital (TSE:SUM) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 8th. Finally, analysts at M Partners raised their price target on shares of Solium Capital (TSE:SUM) from C$6.00 to C$7.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$6.00.
Solium Capital Inc (TSE:SUM) is a software-as-a-service company.
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