VerticalScope (TSE:FORA) Given New C$11.50 Price Target at Raymond James

VerticalScope (TSE:FORA) had its target price lifted by Raymond James from C$9.00 to C$11.50 in a research note published on Wednesday, BayStreet.CA reports.

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

VerticalScope Price Performance

Shares of TSE:FORA opened at C$9.00 on Wednesday. The company has a 50-day moving average price of C$6.99 and a 200 day moving average price of C$5.53. VerticalScope has a 52 week low of C$2.94 and a 52 week high of C$9.97. The company has a quick ratio of 0.79, a current ratio of 1.91 and a debt-to-equity ratio of 76.25. The company has a market cap of C$168.21 million, a P/E ratio of -28.13 and a beta of 0.03.

About VerticalScope

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.