VerticalScope (TSE:FORA) Given New C$17.00 Price Target at CIBC

VerticalScope (TSE:FORA) had its price target boosted by CIBC from C$10.00 to C$17.00 in a research report report published on Monday,BayStreet.CA reports.

Several other research analysts also recently weighed in on FORA. Canaccord Genuity Group upped their price target on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th. Raymond James upped their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Eight Capital upped their price target on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. National Bankshares upped their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada upped their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th.

VerticalScope Trading Up 1.5 %

Shares of VerticalScope stock opened at C$13.62 on Monday. The firm has a 50-day simple moving average of C$11.14 and a two-hundred day simple moving average of C$9.43. The company has a market cap of C$253.60 million, a P/E ratio of 194.57 and a beta of -0.02. VerticalScope has a fifty-two week low of C$4.01 and a fifty-two week high of C$13.92. The company has a debt-to-equity ratio of 63.66, a quick ratio of 0.79 and a current ratio of 1.80.

Insider Transactions at VerticalScope

In other VerticalScope news, Senior Officer Christopher Michael Goodridge bought 12,500 shares of VerticalScope stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. Also, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total transaction of C$35,501.40. In the last three months, insiders have sold 26,400 shares of company stock worth $304,926. 37.10% of the stock is currently owned by 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.