Raymond James Raises VerticalScope (TSE:FORA) Price Target to C$14.50

VerticalScope (TSE:FORA) had its price objective increased by Raymond James from C$13.00 to C$14.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other research analysts also recently issued reports about the company. Cormark upped their target price on VerticalScope from C$14.00 to C$19.00 in a research note on Friday. Canaccord Genuity Group raised their price objective on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. National Bankshares raised their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. TD Securities raised their price objective on VerticalScope from C$17.00 to C$18.00 and gave the company a “buy” rating in a report on Friday. Finally, CIBC raised their price objective on VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, VerticalScope presently has an average rating of “Moderate Buy” and an average target price of C$16.94.

VerticalScope Trading Down 1.8 %

Shares of FORA stock opened at C$9.92 on Friday. 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 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 stock 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 1-year low of C$6.80 and a 1-year high of C$14.75.

Insider Transactions at VerticalScope

In related news, Senior Officer Brandon Seibel sold 12,500 shares of the firm’s stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Also, Director Rob Laidlaw sold 8,500 shares of the firm’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$12.62, for a total value of C$107,270.00. Insiders have sold a total of 25,550 shares of company stock worth $295,321 in the last quarter. Company insiders own 37.10% of the company’s stock.

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.