Royal Bank Of Canada Issues Pessimistic Forecast for Topicus.com (CVE:TOI) Stock Price

Topicus.com (CVE:TOI) had its price target cut by equities researchers at Royal Bank Of Canada from C$160.00 to C$150.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 59.05% from the company’s current price.

Separately, TD Securities lowered their price target on Topicus.com from C$201.00 to C$140.00 in a report on Thursday, February 19th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$145.00.

Topicus.com Price Performance

TOI traded up C$4.25 during mid-day trading on Thursday, reaching C$94.31. 266,424 shares of the company traded hands, compared to its average volume of 145,489. The firm has a market cap of C$7.86 billion, a PE ratio of 304.23 and a beta of -0.44. Topicus.com has a 52-week low of C$82.67 and a 52-week high of C$199.00. The stock’s fifty day moving average is C$109.28.