TD Securities Boosts VerticalScope (TSE:FORA) Price Target to C$18.00

VerticalScope (TSE:FORA) had its target price lifted by investment analysts at TD Securities from C$17.00 to C$18.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 81.45% from the company’s current price.

Several other brokerages have also issued reports on FORA. Eight Capital upped their price target on VerticalScope from C$15.00 to C$18.00 in a research note on Monday, December 2nd. Canaccord Genuity Group upped their price target on VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. National Bankshares increased their target price on VerticalScope from C$11.50 to C$13.00 in a research note on Thursday, November 14th. Royal Bank of Canada increased their target price on VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Finally, CIBC increased their target price on VerticalScope from C$10.00 to C$17.00 in a research note on Monday, February 10th.

VerticalScope Trading Down 1.8 %

Shares of FORA opened at C$9.92 on Friday. 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 12-month low of C$6.80 and a 12-month high of C$14.75. The firm has a market capitalization of C$156.29 million, a PE ratio of 55.85 and a beta of -0.02. The stock’s fifty day simple moving average is C$12.00 and its 200-day simple moving average is C$10.03.

Insider Transactions at VerticalScope

In related news, Director Rob Laidlaw sold 3,300 shares of the stock in a transaction dated Wednesday, January 8th. The stock was 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 the stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Insiders have sold a total of 25,550 shares of company stock valued at $295,321 over the last 90 days. 37.10% of the stock is 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.