CIBC Raises VerticalScope (TSE:FORA) Price Target to C$17.00

VerticalScope (TSE:FORA) had its price target lifted by equities research analysts at CIBC from C$10.00 to C$17.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 22.57% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada raised their target price on shares of VerticalScope from C$16.00 to C$17.00 in a research report on Thursday, January 30th. National Bankshares upped their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. TD Securities lifted their price objective on VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Raymond James increased their price target on shares of VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. Finally, Eight Capital lifted their price objective on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd.

VerticalScope Trading Up 3.4 %

Shares of TSE FORA traded up C$0.45 during mid-day trading on Monday, hitting C$13.87. The stock had a trading volume of 33,653 shares, compared to its average volume of 39,932. The business has a 50 day moving average price of C$11.06 and a two-hundred day moving average price of C$9.39. VerticalScope has a 1 year low of C$4.01 and a 1 year 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. The firm has a market cap of C$258.26 million, a P/E ratio of 198.14 and a beta of -0.02.

Insiders Place Their Bets

In other VerticalScope news, 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 transaction of C$107,270.00. Also, Senior Officer Brandon Seibel sold 12,500 shares of the business’s stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total transaction of C$137,500.00. Over the last ninety days, insiders have sold 26,400 shares of company stock worth $304,926. 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.