VerticalScope (TSE:FORA) Price Target Raised to C$19.00

by · The Cerbat Gem

VerticalScope (TSE:FORA – Free Report) had its target price raised by Cormark from C$14.00 to C$19.00 in a report issued on Friday morning,BayStreet.CA reports.

FORA has been the topic of several other research reports. TD Securities increased their price objective on shares of VerticalScope from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Friday. CIBC increased their price objective on shares of VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Canaccord Genuity Group increased their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. National Bankshares increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$16.94.

View Our Latest Stock Report on VerticalScope

VerticalScope Stock Performance

Shares of TSE FORA opened at C$9.92 on Friday. The firm’s 50-day moving average price is C$12.02 and its 200-day moving average price is C$10.01. VerticalScope has a 52-week low of C$6.80 and a 52-week high of C$14.75. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The company has a market cap of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02.

Insider Buying and Selling at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of the stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Insiders sold a total of 25,550 shares of company stock valued at $295,321 in the last three months. 37.10% of the stock is currently owned by corporate insiders.

VerticalScope Company Profile

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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.

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