Solium Capital (SUM) Given New C$19.15 Price Target at National Bank Financial

Solium Capital (TSE:SUM) had its target price upped by National Bank Financial from C$14.00 to C$19.15 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price points to a potential upside of 0.26% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on SUM. Laurentian cut shares of Solium Capital from a “buy” rating to a “tender” rating and upped their price objective for the stock from C$14.00 to C$19.15 in a report on Monday. Haywood Securities lifted their price objective on shares of Solium Capital from C$15.50 to C$17.00 in a report on Thursday, November 8th. Finally, Canaccord Genuity boosted their price target on shares of Solium Capital from C$14.00 to C$14.50 in a report on Wednesday, November 7th.

Shares of SUM traded up C$5.74 during mid-day trading on Monday, reaching C$19.10. 4,730,974 shares of the stock traded hands, compared to its average volume of 227,941. The firm has a market capitalization of $755.87 million and a P/E ratio of 389.80. The company has a debt-to-equity ratio of 7.57, a current ratio of 4.18 and a quick ratio of 4.09. Solium Capital has a 1 year low of C$9.91 and a 1 year high of C$19.15.

In related news, insider James Wulforst sold 14,400 shares of Solium Capital stock in a transaction on Monday, December 3rd. The shares were sold at an average price of C$12.21, for a total value of C$175,824.00.

About Solium Capital

Solium Capital Inc provides cloud-enabled services for administration, financial reporting, and compliance related to equity-based incentive plans in Canada, the United States, and internationally. The company offers Shareworks software platforms, such as Plan Admin that unifies various plans to get trusted data and timely reports; Shareworks Participant Experience, which provides a tool for participants to manage their equity plans; and Shareworks Forms Filing for achieving compliance with Section 16 SEC filing requirements.

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