TD Securities Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORAFree Report) had its price objective increased by TD Securities from C$17.00 to C$18.00 in a research report released on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC increased their price objective on shares of VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th. Royal Bank of Canada raised their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Canaccord Genuity Group raised their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. Eight Capital raised their price target on shares of VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Finally, National Bankshares raised their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, VerticalScope currently has an average rating of “Moderate Buy” and a consensus price target of C$16.94.

View Our Latest Analysis on FORA

VerticalScope Price Performance

Shares of TSE:FORA opened at C$9.92 on Friday. The company has a market cap of C$156.29 million, a price-to-earnings ratio of 55.85 and a beta of -0.02. The company has a debt-to-equity ratio of 55.19, a current ratio of 1.65 and a quick ratio of 0.79. The firm has a 50 day simple moving average of C$12.02 and a 200 day simple moving average of C$10.01. VerticalScope has a one year low of C$6.80 and a one year high of C$14.75.

Insider Transactions at VerticalScope

In other news, Director Rob Laidlaw sold 3,300 shares of VerticalScope stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of C$10.76, for a total transaction of C$35,501.40. Also, Senior Officer Brandon Seibel sold 12,500 shares of VerticalScope stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$11.00, for a total transaction of C$137,500.00. Insiders sold a total of 25,550 shares of company stock worth $295,321 over the last three months. 37.10% of the stock is owned by company 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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