VerticalScope (TSE:FORA - Get Free Report) had its target price raised by equities research 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 target price suggests a potential upside of 43.10% from the stock's current price.
Other research analysts also recently issued research reports about the company. Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. Canaccord Genuity Group increased their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. CIBC boosted their price objective on VerticalScope from C$9.00 to C$10.00 in a report on Thursday, November 14th. Eight Capital upped their price objective on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, National Bankshares lifted their target price on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th.
View Our Latest Report on VerticalScope
VerticalScope Stock Down 3.3 %
VerticalScope stock traded down C$0.40 during midday trading on Thursday, hitting C$11.88. 6,271 shares of the company were exchanged, compared to its average volume of 39,310. The company's fifty day moving average price is C$10.68 and its 200-day moving average price is C$9.25. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$12.77. The company has a debt-to-equity ratio of 63.66, a current ratio of 1.80 and a quick ratio of 0.79. The company has a market cap of C$221.21 million, a PE ratio of 169.71 and a beta of -0.02.
Insiders Place Their Bets
In other VerticalScope news, 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. Also, Senior Officer Christopher Michael Goodridge bought 12,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of C$8.70 per share, for a total transaction of C$108,750.00. Insiders have sold 26,400 shares of company stock valued at $304,926 over the last quarter. Insiders own 37.10% of the company's stock.
About VerticalScope
(
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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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