VerticalScope (TSE:FORA - Get Free Report) had its price target raised by equities research analysts at CIBC from C$10.00 to C$17.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC's target price indicates a potential upside of 22.39% from the company's current price.
Several other research firms have also commented on FORA. Canaccord Genuity Group raised their target price on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. National Bankshares lifted their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Royal Bank of Canada upped their target price on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Eight Capital boosted their price target on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. Finally, Raymond James raised their price objective on VerticalScope from C$11.50 to C$13.00 in a research note on Wednesday, November 13th.
Check Out Our Latest Analysis on VerticalScope
VerticalScope Stock Performance
FORA stock traded down C$0.11 during trading hours on Monday, hitting C$13.89. 44,742 shares of the stock were exchanged, compared to its average volume of 38,853. VerticalScope has a 12 month low of C$4.01 and a 12 month high of C$14.05. The firm has a market capitalization of C$218.84 million, a P/E ratio of 78.20 and a beta of -0.02. The company has a 50-day simple moving average of C$11.28 and a two-hundred day simple moving average of C$9.50. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.
Insider Activity
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 transaction 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 shares were sold at an average price of C$12.62, for a total value of C$107,270.00. Over the last three months, insiders have sold 26,400 shares of company stock valued at $304,926. 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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