Raymond James Financial Issues Pessimistic Forecast for VerticalScope (TSE:FORA) Stock Price

VerticalScope (TSE:FORA) had its price target lowered by stock analysts at Raymond James Financial from C$5.00 to C$4.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 34.68% from the company’s previous close.

A number of other analysts have also issued reports on FORA. National Bank Financial lowered 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 research note on Friday, May 15th. Royal Bank Of Canada decreased their price objective on shares of VerticalScope from C$6.00 to C$5.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, VerticalScope currently has an average rating of “Hold” and a consensus price target of C$4.15.

VerticalScope Trading Up 14.2%

Shares of FORA stock traded up C$0.37 on Friday, reaching C$2.97. 46,507 shares of the company’s stock were exchanged, compared to its average volume of 10,291. VerticalScope has a 52 week low of C$2.40 and a 52 week high of C$4.25. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 62.67. The stock has a market capitalization of C$64.57 million, a PE ratio of -7.42 and a beta of 0.50. The company’s fifty day simple moving average is C$2.66 and its 200 day simple moving average is C$2.77.

VerticalScope (TSE:FORA) last posted its quarterly earnings data on Thursday, August 13th. The company reported C($0.06) earnings per share (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$19.64 million for the quarter. As a group, analysts forecast 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.