Topicus.com (CVE:TOI) Stock Price Up 5% – Here’s Why

Topicus.com Inc. (CVE:TOI) rose 5% on Monday . The company traded as high as C$97.84 and last traded at C$96.08. Approximately 38,292 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 118,261 shares. The stock had previously closed at C$91.51.

Wall Street Analysts Forecast Growth

TOI has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on 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. TD Securities reduced their price target on Topicus.com from C$201.00 to C$140.00 in a report on Thursday, February 19th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Topicus.com presently has a consensus rating of “Buy” and an average price target of C$145.00.

Topicus.com Price Performance

The stock has a 50 day moving average of C$94.89. The stock has a market cap of C$8.01 billion, a P/E ratio of 192.16 and a beta of -0.07.