Royal Bank of Canada Increases VerticalScope (TSE:FORA) Price Target to C$17.00

VerticalScope (TSE:FORA) had its price target upped by Royal Bank of Canada from C$16.00 to C$17.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

A number of other equities analysts have also commented on FORA. CIBC increased their price target on VerticalScope from C$9.00 to C$10.00 in a research note on Thursday, November 14th. Eight Capital increased their target price on VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. National Bankshares boosted their price target on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Thursday, November 14th. Raymond James increased their price objective on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group boosted their target price on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th.

VerticalScope Stock Up 1.9 %

Shares of FORA stock opened at C$12.28 on Thursday. The stock has a market cap of C$228.65 million, a P/E ratio of 175.43 and a beta of -0.02. The company’s fifty day simple moving average is C$10.68 and its two-hundred day simple moving average is C$9.25. The company has a quick ratio of 0.79, a current ratio of 1.80 and a debt-to-equity ratio of 63.66. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$12.77.

Insiders Place Their Bets

In other VerticalScope news, Director Rob Laidlaw sold 3,300 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of C$10.76, for a total value of C$35,501.40. Also, Senior Officer Christopher Michael Goodridge bought 12,500 shares of VerticalScope stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$8.70 per share, for a total transaction of C$108,750.00. Insiders sold 26,400 shares of company stock valued at $304,926 over the last three months. 37.10% of the stock is owned by company insiders.

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.