CIBC Raises Solium Capital Inc. (SUM) Price Target to C$9.25
Solium Capital Inc. (TSE:SUM) had its target price boosted by CIBC from C$7.50 to C$9.25 in a report issued on Friday. CIBC’s price target would indicate a potential upside of 11.45% from the company’s current price.
Other equities research analysts also recently issued research reports about the stock. Canaccord Genuity reduced their target price on shares of Solium Capital from C$10.00 to C$8.50 in a research note on Friday. Haywood Securities restated a “buy” rating and issued a C$9.20 target price on shares of Solium Capital in a research note on Wednesday, August 10th. Finally, Scotiabank boosted their target price on shares of Solium Capital from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Friday, October 28th.
Solium Capital (TSE:SUM) traded up 5.30% during trading on Friday, hitting $8.74. 61,987 shares of the stock traded hands. The firm’s 50-day moving average is $6.89 and its 200 day moving average is $7.09. The stock has a market cap of $435.97 million and a P/E ratio of 74.07. Solium Capital has a 52 week low of $5.76 and a 52 week high of $8.74.
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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