Solium Capital Gets a Buy Rating from GMP FirstEnergy

By Austin Angelo

Solium Capital (TSX: SUM), the Technology company, was revisited by a Wall Street analyst on August 10. GMP FirstEnergy’s analyst Deepak Kaushal reiterates their Buy rating on the shares, with a C$14 price target.

Kaushal has an average return of 13.9% when recommending Solium Capital.

According to TipRanks.com, Kaushal is ranked #2236 out of 4628 analysts.

Currently, the analyst consensus on Solium Capital is Moderate Buy and the average price target is C$11.50, representing a 12.6% upside.

In a report issued on August 10, Canaccord Genuity also reiterated a Buy rating on the stock with a C$11 price target.

Solium Capital’s market cap is currently C$513.9M and has a P/E ratio of 75.2.

Solium Capital, Inc. provides cloud-enabled services for global equity administration, financial reporting, and compliance. Its software-as-a-service technology powers share plan administration and equity transactions for corporate clients with employee participants in many countries.

The company’s shares closed on Friday at C$10.21.