VerticalScope (TSE:FORA) Price Target Raised to C$17.00

VerticalScope (TSE:FORA) had its price objective raised by investment analysts at Royal Bank of Canada from C$16.00 to C$17.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 39.92% from the stock’s previous close.

A number of other research firms have also recently commented on FORA. TD Securities increased their price target 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. National Bankshares increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. CIBC boosted their target price on shares of VerticalScope from C$9.00 to C$10.00 in a research report on Thursday, November 14th. Eight Capital upped their price target on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, Raymond James raised their price target on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th.

VerticalScope Stock Up 2.3 %

FORA traded up C$0.27 during trading on Thursday, hitting C$12.15. The stock had a trading volume of 5,555 shares, compared to its average volume of 41,397. The stock has a 50 day simple moving average of C$10.53 and a two-hundred day simple moving average of C$9.20. The company has a market capitalization of C$226.23 million, a PE ratio of 173.57 and a beta of -0.02. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80. VerticalScope has a twelve month low of C$4.01 and a twelve month high of C$12.77.

Insiders Place Their Bets

In other VerticalScope news, Senior Officer Brandon Seibel sold 12,500 shares of VerticalScope stock in a transaction on Monday, January 20th. The shares were 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 the company’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total transaction of C$107,270.00. In the last ninety days, insiders sold 26,400 shares of company stock valued at $304,926. 37.10% of the stock is owned by insiders.

About VerticalScope

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.