Topicus.com (CVE:TOI) Trading Down 2.1% – Here’s What Happened

Topicus.com Inc. (CVE:TOI) shares were down 2.1% during mid-day trading on Thursday . The stock traded as low as C$95.50 and last traded at C$98.50. 73,992 shares were traded during trading, a decline of 31% from the average daily volume of 106,605 shares. The stock had previously closed at C$100.62.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TOI shares. TD raised their target price on shares of Topicus.com from C$140.00 to C$145.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada reduced their target price on shares of Topicus.com from C$160.00 to C$150.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Finally, TD Securities decreased their price target on shares of Topicus.com from C$201.00 to C$140.00 in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of C$145.00.

Topicus.com Stock Down 2.1%

The firm has a market cap of C$8.21 billion, a price-to-earnings ratio of 266.22 and a beta of 0.06. The business has a 50 day moving average price of C$97.81 and a 200-day moving average price of C$104.34.