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

VerticalScope (TSE:FORA) had its target price boosted by CIBC from C$10.00 to C$17.00 in a research note issued to investors on Monday,BayStreet.CA reports.

FORA has been the subject of several other research reports. Eight Capital upped their target price on shares of VerticalScope from C$15.00 to C$18.00 in a research report on Monday, December 2nd. Raymond James upped their target price on shares of VerticalScope from C$11.50 to C$13.00 in a research report on Wednesday, November 13th. Royal Bank of Canada increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 in a report on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of VerticalScope from C$14.00 to C$17.00 in a report on Thursday, November 14th. Finally, TD Securities increased their price objective on shares of VerticalScope from C$16.00 to C$17.00 and gave the company a “buy” rating in a report on Thursday, November 14th.

VerticalScope Price Performance

TSE FORA opened at C$14.00 on Monday. 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. The stock has a market cap of C$260.68 million, a price-to-earnings ratio of 200.00 and a beta of -0.02. The company has a 50-day moving average price of C$11.28 and a two-hundred day moving average price of C$9.50.

Insider Activity at VerticalScope

In related news, Director Rob Laidlaw sold 8,500 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of C$12.62, for a total transaction of C$107,270.00. Also, Senior Officer Christopher Michael Goodridge bought 12,500 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of C$8.70 per share, with a total value of C$108,750.00. Insiders sold a total of 26,400 shares of company stock valued at $304,926 over the last ninety days. 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.