Solium Capital Inc. (TSE:SUM) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Wednesday. They currently have a C$7.00 target price on the stock, down from their prior target price of C$9.00. Scotiabank’s target price suggests a potential downside of 1.41% from the company’s current price.

Several other brokerages have also recently issued reports on SUM. CIBC cut their target price on shares of Solium Capital from C$8.00 to C$7.50 in a report on Wednesday. Haywood Securities restated a “buy” rating and issued a C$9.20 target price on shares of Solium Capital in a report on Wednesday, August 10th.

Shares of Solium Capital (TSE:SUM) opened at 7.10 on Wednesday. The stock has a 50 day moving average of $6.89 and a 200 day moving average of $7.09. The stock has a market cap of $354.16 million and a P/E ratio of 60.17. Solium Capital has a one year low of $6.00 and a one year high of $8.23.

About Solium Capital

Solium Capital Inc is a software-as-a-service (SaaS) company. The Company provides cloud-enabled services for global equity administration, financial reporting and compliance. The Company operates though the segment of administration of equity-based incentive and savings programs for corporations and their employees.

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