VerticalScope (TSE:FORA) Price Target Cut to C$9.00 by Analysts at Royal Bank of Canada

VerticalScope (TSE:FORA - Get Free Report) had its price objective reduced by analysts at Royal Bank of Canada from C$10.00 to C$9.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 81.82% from the company's previous close.

Other analysts have also recently issued reports about the stock. Cormark upped their price target on shares of VerticalScope from C$14.00 to C$19.00 in a research note on Friday, March 14th. Beacon Securities dropped their price objective on VerticalScope from C$19.50 to C$12.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. CIBC lowered VerticalScope from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from C$17.00 to C$6.00 in a report on Thursday, April 10th. Raymond James dropped their price objective on shares of VerticalScope from C$14.50 to C$9.00 in a research report on Wednesday, April 9th. Finally, TD Securities cut shares of VerticalScope from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, VerticalScope has an average rating of "Moderate Buy" and a consensus target price of C$12.10.

VerticalScope Stock Performance

Shares of TSE FORA traded down C$0.12 during mid-day trading on Tuesday, reaching C$4.95. 25,016 shares of the company were exchanged, compared to its average volume of 75,161. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. VerticalScope has a twelve month low of C$4.50 and a twelve month high of C$14.75. The stock has a market capitalization of C$77.99 million, a P/E ratio of 27.87 and a beta of -0.02. The company's 50-day simple moving average is C$8.62 and its 200-day simple moving average is C$9.67.

Insider Activity

In related news, Director Rob Laidlaw acquired 61,225 shares of the business's stock in a transaction on Friday, April 11th. The stock was purchased at an average cost of C$4.90 per share, for a total transaction of C$300,002.50. Insiders bought a total of 62,000 shares of company stock worth $303,871 over the last 90 days. 37.10% of the stock is currently owned by company insiders.

VerticalScope Company Profile

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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