Royal Bank Of Canada Cuts VerticalScope (TSE:FORA) Price Target to C$5.00

VerticalScope (TSE:FORA) had its price objective reduced by stock analysts at Royal Bank Of Canada from C$6.00 to C$5.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 87.97% from the stock’s previous close.

A number of other equities research analysts have also issued reports on FORA. Raymond James Financial dropped their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a report on Wednesday, March 4th. TD Securities dropped their target price on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating for the company in a report on Thursday, March 5th. Finally, National Bank Financial dropped their target price on shares of VerticalScope from C$4.50 to C$4.25 and set a “sector perform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$4.63.

VerticalScope Price Performance

TSE FORA remained flat at C$2.66 on Friday. 7,451 shares of the company traded hands, compared to its average volume of 11,555. The stock has a market capitalization of C$57.67 million, a P/E ratio of -7.19 and a beta of 0.33. The company’s 50-day moving average price is C$2.90 and its two-hundred day moving average price is C$3.02. The company has a quick ratio of 0.79, a current ratio of 2.62 and a debt-to-equity ratio of 60.61. VerticalScope has a 12 month low of C$2.40 and a 12 month high of C$4.75.

VerticalScope (TSE:FORA) last released its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share (EPS) for the quarter. VerticalScope had a negative return on equity of 10.35% and a negative net margin of 13.83%.The business had revenue of C$16.07 million for the quarter. On average, sell-side analysts anticipate that VerticalScope will post 0.3740942 EPS for the current year.

VerticalScope Company Profile

VerticalScope Holdings Inc is a technology company that operates a cloud-based digital community platform comprising hyper-focused apps, forums, marketplaces, editorial, and e-commerce rating and brand review websites.