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

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

FORA has been the topic of several other reports. Eight Capital upped their target price on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. TD Securities upped their price target on VerticalScope from C$16.00 to C$17.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. CIBC upped their price target on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. National Bankshares upped their price target on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price target on VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th.

VerticalScope Stock Performance

Shares of FORA stock opened at C$12.05 on Thursday. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$12.77. The stock’s 50-day moving average is C$10.60 and its two-hundred day moving average is C$9.22. The firm has a market cap of C$224.37 million, a P/E ratio of 172.14 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total value of C$107,270.00. Also, Senior Officer Christopher Michael Goodridge acquired 12,500 shares of VerticalScope stock in a transaction on Friday, November 15th. The stock was purchased at an average price of C$8.70 per share, with a total value of C$108,750.00. Insiders sold a total of 26,400 shares of company stock worth $304,926 in the last 90 days. 37.10% of the stock is owned by company 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.