Brokerages Set VerticalScope Holdings Inc. (TSE:FORA) Price Target at C$10.15

Shares of VerticalScope Holdings Inc. (TSE:FORA) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$10.15.

FORA has been the subject of several analyst reports. CIBC lowered their price target on shares of VerticalScope from C$6.00 to C$5.00 in a report on Thursday, May 22nd. TD Securities dropped their target price on VerticalScope from C$4.50 to C$4.00 and set a “hold” rating on the stock in a report on Thursday, August 14th. National Bankshares cut their price target on VerticalScope from C$6.50 to C$5.50 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Canaccord Genuity Group lowered their price objective on VerticalScope from C$10.00 to C$6.00 and set a “speculative buy” rating for the company in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada downgraded VerticalScope from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$9.00 to C$6.00 in a report on Thursday, May 22nd.

VerticalScope Stock Performance

Shares of FORA opened at C$3.21 on Monday. VerticalScope has a 1 year low of C$3.15 and a 1 year high of C$14.75. The stock has a market capitalization of C$68.97 million, a PE ratio of -20.06 and a beta of 0.44. The company has a debt-to-equity ratio of 55.19, a quick ratio of 0.79 and a current ratio of 1.65. The stock has a 50-day simple moving average of C$3.72 and a 200-day simple moving average of C$5.66.

VerticalScope Company Profile

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.