VerticalScope (TSE:FORA) Price Target Raised to C$17.00 at Royal Bank of Canada

VerticalScope (TSE:FORA) had its target price hoisted by Royal Bank of Canada from C$16.00 to C$17.00 in a report issued on Thursday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. TD Securities lifted their target price on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. CIBC lifted their target price on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. Eight Capital lifted their target price on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Raymond James lifted their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group lifted their target price on VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th.

VerticalScope Trading Up 1.4 %

FORA stock opened at C$12.05 on Thursday. The business has a fifty day moving average price of C$10.60 and a 200 day moving average price of C$9.22. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$12.77. The stock has a market capitalization of C$224.37 million, a price-to-earnings ratio of 172.14 and a beta of -0.02. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of VerticalScope stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of VerticalScope stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total value of C$107,270.00. Over the last ninety days, insiders have sold 26,400 shares of company stock worth $304,926. Corporate insiders own 37.10% of the company’s stock.

VerticalScope Company Profile

VerticalScope is a technology company that has built and operates a cloud-based digital platform for online enthusiast communities in high-consumer spending categories. VerticalScope’s mission is to enable people with common interests to connect, explore their passions and share knowledge about the things they love.