Haywood Securities Increases Solium Capital (SUM) Price Target to C$17.00

Solium Capital (TSE:SUM) had its price target increased by Haywood Securities from C$15.50 to C$17.00 in a research report released on Thursday morning.

SUM has been the subject of a number of other reports. CIBC upped their price target on shares of Solium Capital from C$11.50 to C$13.50 and gave the stock a c$12.86 rating in a research report on Monday, July 23rd. Canaccord Genuity upped their price target on shares of Solium Capital from C$12.75 to C$14.00 in a research report on Thursday, August 9th. Laurentian upped their price target on shares of Solium Capital from C$13.00 to C$14.00 in a research report on Thursday, August 9th. Finally, National Bank Financial upped their price target on shares of Solium Capital from C$13.50 to C$14.00 and gave the stock an outperform rating in a research report on Thursday, August 9th.

Shares of TSE SUM opened at C$12.18 on Thursday. Solium Capital has a 52-week low of C$9.91 and a 52-week high of C$13.24. The company has a current ratio of 4.25, a quick ratio of 4.17 and a debt-to-equity ratio of 8.03.

Solium Capital (TSE:SUM) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.02). The company had revenue of C$34.73 million for the quarter, compared to analysts’ expectations of C$32.68 million. As a group, equities research analysts expect that Solium Capital will post 0.230760329052824 EPS for the current fiscal year.

In other Solium Capital news, Director Michael Graeme Broadfoot sold 3,370 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of C$11.00, for a total value of C$37,070.00.

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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