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

VerticalScope (TSE:FORA) had its price objective reduced by Royal Bank Of Canada from C$6.00 to C$5.00 in a report published on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also commented on FORA. National Bank Financial decreased their price target 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. TD Securities decreased their price target 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, Raymond James Financial decreased their price target 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, VerticalScope currently has a consensus rating of “Hold” and a consensus price target of C$4.63.

VerticalScope Stock Performance

TSE FORA opened at C$2.66 on Friday. VerticalScope has a one year low of C$2.40 and a one year high of C$4.75. The company has a 50-day simple moving average of C$2.89 and a 200-day simple moving average of C$3.02. The company has a debt-to-equity ratio of 62.67, a quick ratio of 0.79 and a current ratio of 2.62. The firm has a market capitalization of C$57.67 million, a PE ratio of -7.19 and a beta of 0.33.

VerticalScope (TSE:FORA) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C($0.19) EPS for the quarter. VerticalScope had a negative net margin of 15.53% and a negative return on equity of 11.51%. The business had revenue of C$16.07 million during the quarter. On average, equities analysts forecast that VerticalScope will post 0.3740942 earnings per share 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.