VerticalScope (TSE:FORA) Given New C$17.00 Price Target at CIBC

VerticalScope (TSE:FORA) had its target price raised by research analysts at CIBC from C$10.00 to C$17.00 in a research note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 22.74% from the company’s current price.

A number of other analysts also recently issued reports on FORA. Raymond James lifted their price target on VerticalScope from C$11.50 to C$13.00 in a report on Wednesday, November 13th. National Bankshares upped their price target on VerticalScope from C$11.50 to C$13.00 in a report on Thursday, November 14th. Royal Bank of Canada increased their price target on shares of VerticalScope from C$16.00 to C$17.00 in a research note on Thursday, January 30th. Eight Capital boosted their price objective on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. Finally, Canaccord Genuity Group increased their target price on shares of VerticalScope from C$14.00 to C$17.00 in a research report on Thursday, November 14th.

VerticalScope Trading Up 1.7 %

Shares of TSE:FORA opened at C$13.85 on Monday. The company has a market cap of C$257.89 million, a PE ratio of 197.86 and a beta of -0.02. The company’s 50 day moving average is C$11.21 and its two-hundred day moving average is C$9.46. VerticalScope has a 52 week low of C$4.01 and a 52 week high of C$14.05. The company has a current ratio of 1.80, a quick ratio of 0.79 and a debt-to-equity ratio of 63.66.

Insiders Place Their Bets

In related news, Senior Officer Christopher Michael Goodridge purchased 12,500 shares of VerticalScope stock in a transaction dated Friday, November 15th. The stock was bought at an average cost of C$8.70 per share, for a total transaction of C$108,750.00. Also, 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 value of C$35,501.40. In the last three months, insiders have sold 26,400 shares of company stock valued at $304,926. 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.