Topicus.com (CVE:TOI) Stock Jumps 1.5% – Still a Buy?

Topicus.com Inc. (CVE:TOI)’s stock price shot up 1.5% on Friday. The stock traded as high as C$88.55 and last traded at C$87.80. 65,530 shares were traded during trading, a decline of 33% from the average session volume of 98,408 shares. The stock had previously closed at C$86.49.

Analyst Ratings Changes

A number of brokerages recently issued reports on TOI. Desjardins raised their price target on Topicus.com from C$140.00 to C$145.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada cut their price objective on shares of Topicus.com from C$150.00 to C$145.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$143.75.

Topicus.com Price Performance

The firm has a fifty day moving average price of C$96.16 and a two-hundred day moving average price of C$96.11. The stock has a market capitalization of C$7.33 billion, a PE ratio of 209.05 and a beta of 0.06.

Topicus.com Inc is a technology company in the Application Software industry.