Topicus.com (CVE:TOI) Stock Price Up 0.8% – Time to Buy?

Topicus.com Inc. (CVE:TOI) shares rose 0.8% during mid-day trading on Thursday . The stock traded as high as C$104.99 and last traded at C$104.00. 59,685 shares were traded during trading, a decline of 41% from the average daily volume of 100,385 shares. The stock had previously closed at C$103.13.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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 research note on Wednesday, May 6th. Royal Bank Of Canada reduced their price target on Topicus.com from C$150.00 to C$145.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. Finally, Desjardins raised their price objective on Topicus.com from C$140.00 to C$145.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$143.75.

Topicus.com Stock Performance

The firm has a fifty day simple moving average of C$97.15 and a 200 day simple moving average of C$96.74. The company has a market cap of C$8.69 billion, a PE ratio of 247.62 and a beta of 0.08.

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