VerticalScope (TSE:FORA) PT Raised to C$11.50 at Raymond James

VerticalScope (TSE:FORA) had its target price hoisted by stock analysts at Raymond James from C$9.00 to C$11.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 32.34% from the stock’s current price.

Several other research analysts also recently weighed in on FORA. Eight Capital boosted their price target on VerticalScope from C$7.00 to C$9.00 in a report on Friday, March 15th. TD Securities upgraded VerticalScope from a “buy” rating to an “action list buy” rating and lifted their price target for the company from C$7.50 to C$12.00 in a report on Friday, March 15th. Royal Bank of Canada upped their price target on shares of VerticalScope from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. CIBC raised shares of VerticalScope from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$6.00 to C$9.00 in a research note on Friday, March 15th. Finally, Cormark increased their target price on VerticalScope from C$9.25 to C$12.70 in a research report on Tuesday, March 26th.

VerticalScope Price Performance

Shares of TSE:FORA traded up C$0.15 on Wednesday, hitting C$8.69. The company had a trading volume of 23,622 shares, compared to its average volume of 21,004. The company has a current ratio of 1.91, a quick ratio of 0.79 and a debt-to-equity ratio of 76.25. The company has a market cap of C$162.42 million, a PE ratio of -27.16 and a beta of 0.03. VerticalScope has a 52-week low of C$2.94 and a 52-week high of C$9.97. The business has a 50 day moving average of C$6.90 and a 200 day moving average of C$5.50.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.