Royal Bank of Canada Issues Positive Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its price objective raised by investment analysts at Royal Bank of Canada from C$16.00 to C$17.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target suggests a potential upside of 39.92% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Eight Capital upped their target price on shares of VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. TD Securities upped their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of VerticalScope from C$14.00 to C$17.00 in a research note on Thursday, November 14th. National Bankshares upped their price target on VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Finally, Raymond James increased their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th.

VerticalScope Price Performance

Shares of FORA traded up C$0.27 during trading hours on Thursday, hitting C$12.15. 5,555 shares of the stock were exchanged, compared to its average volume of 41,397. The stock’s 50-day moving average price is C$10.53 and its two-hundred day moving average price is C$9.20. VerticalScope has a 12-month low of C$4.01 and a 12-month high of C$12.77. 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 company has a market cap of C$226.23 million, a price-to-earnings ratio of 173.57 and a beta of -0.02.

Insider Activity

In related news, Senior Officer Christopher Michael Goodridge acquired 12,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were purchased 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. Insiders have sold a total of 26,400 shares of company stock valued at $304,926 in the last quarter. Insiders own 37.10% of the company’s stock.

About VerticalScope

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.