TD Securities Forecasts Strong Price Appreciation for VerticalScope (TSE:FORA) Stock

VerticalScope (TSE:FORA) had its price target upped by research analysts at TD Securities from C$17.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 81.45% from the company’s current price.

Several other research analysts also recently commented on the company. Eight Capital lifted their price objective on VerticalScope from C$15.00 to C$18.00 in a report on Monday, December 2nd. National Bankshares lifted their price objective on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. CIBC lifted their price objective on VerticalScope from C$10.00 to C$17.00 in a report on Monday, February 10th. Royal Bank of Canada boosted their price target on VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. Finally, Canaccord Genuity Group boosted their price target on VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th.

VerticalScope Trading Down 1.8 %

Shares of FORA stock opened at C$9.92 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The business has a 50-day moving average price of C$12.00 and a two-hundred day moving average price of C$10.03. VerticalScope has a 12-month low of C$6.80 and a 12-month high of C$14.75. The firm has a market cap of C$156.29 million, a P/E ratio of 55.85 and a beta of -0.02.

Insider Activity at VerticalScope

In other VerticalScope news, Director Rob Laidlaw sold 3,300 shares of the company’s 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. Also, Senior Officer Brandon Seibel sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The stock was sold at an average price of C$11.00, for a total value of C$137,500.00. Insiders have sold a total of 25,550 shares of company stock worth $295,321 in the last 90 days. Company 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.