Royal Bank Of Canada Cuts VerticalScope (TSE:FORA) Price Target to C$5.00

VerticalScope (TSE:FORA) had its price target dropped by equities researchers at Royal Bank Of Canada from C$6.00 to C$5.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 87.97% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. National Bank Financial decreased their target price on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating on the stock in a research report on Friday. Raymond James Financial reduced their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 4th. Finally, TD Securities reduced their target price on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating on the stock in a report on Thursday, March 5th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, VerticalScope presently has a consensus rating of “Hold” and a consensus price target of C$4.63.

VerticalScope Price Performance

Shares of FORA remained flat at C$2.66 during mid-day trading on Friday. 7,451 shares of the company were exchanged, compared to its average volume of 11,555. The company has a debt-to-equity ratio of 60.61, a quick ratio of 0.79 and a current ratio of 2.62. VerticalScope has a 12-month low of C$2.40 and a 12-month high of C$4.75. The company has a 50-day moving average of C$2.90 and a two-hundred day moving average of C$3.02. The stock has a market capitalization of C$57.67 million, a price-to-earnings ratio of -7.19 and a beta of 0.33.

VerticalScope (TSE:FORA) last posted its earnings results on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. VerticalScope had a negative net margin of 13.83% and a negative return on equity of 10.35%. The company had revenue of C$16.07 million during the quarter. As a group, sell-side analysts anticipate that VerticalScope will post 0.3740942 EPS for the current fiscal year.

About VerticalScope

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.