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

VerticalScope (TSE:FORA) had its price target decreased by Royal Bank of Canada from C$10.00 to C$9.00 in a report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

FORA has been the subject of a number of other reports. TD Securities cut VerticalScope from a “buy” rating to a “hold” rating and dropped their price target for the company from C$15.00 to C$6.00 in a research note on Wednesday, April 9th. CIBC downgraded VerticalScope from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$17.00 to C$6.00 in a research report on Thursday, April 10th. Beacon Securities reduced their price target on VerticalScope from C$19.50 to C$12.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. National Bankshares raised their price objective on shares of VerticalScope from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Friday, March 14th. Finally, Canaccord Genuity Group reduced their target price on shares of VerticalScope from C$17.00 to C$10.00 in a report 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 company. Based on data from MarketBeat.com, VerticalScope presently has an average rating of “Moderate Buy” and a consensus target price of C$12.10.

VerticalScope Price Performance

FORA stock opened at C$4.92 on Tuesday. VerticalScope has a 1 year low of C$4.50 and a 1 year high of C$14.75. 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 stock has a market cap of C$77.52 million, a price-to-earnings ratio of 27.70 and a beta of -0.02. The company has a 50 day simple moving average of C$8.45 and a 200 day simple moving average of C$9.64.

Insider Activity at VerticalScope

In other news, Director Rob Laidlaw purchased 61,225 shares of the business’s stock in a transaction on Friday, April 11th. The shares were acquired at an average price of C$4.90 per share, with a total value of C$300,002.50. Insiders have purchased 62,000 shares of company stock worth $303,871 over the last ninety days. 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.