Topicus.com (CVE:TOI) Stock Price Down 2.6% – Should You Sell?

Topicus.com Inc. (CVE:TOI)’s share price dropped 2.6% during mid-day trading on Wednesday . The stock traded as low as C$93.10 and last traded at C$93.10. Approximately 67,531 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 107,562 shares. The stock had previously closed at C$95.58.

Analyst Upgrades and Downgrades

TOI has been the subject of several recent analyst reports. TD Securities decreased their target price on shares of Topicus.com from C$201.00 to C$140.00 in a report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on shares of Topicus.com from C$160.00 to C$150.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, TD lifted their target price on shares of Topicus.com from C$140.00 to C$145.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Topicus.com has a consensus rating of “Buy” and an average target price of C$145.00.

Topicus.com Price Performance

The company has a 50 day moving average of C$95.62. The company has a market cap of C$7.76 billion, a PE ratio of 251.62 and a beta of -0.06.