VerticalScope (TSE:FORA) Given New C$4.50 Price Target at CIBC

VerticalScope (TSE:FORA) had its target price hoisted by CIBC from C$4.00 to C$4.50 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s price objective indicates a potential upside of 34.33% from the stock’s current price.

FORA has been the topic of a number of other research reports. National Bankshares decreased their price target on shares of 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. TD Securities lowered their price target on shares of VerticalScope from C$4.50 to C$4.00 and set a “hold” rating for the company in a report on Thursday, August 14th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, VerticalScope has an average rating of “Hold” and an average price target of C$10.10.

VerticalScope Price Performance

TSE FORA traded down C$0.35 during trading hours on Monday, reaching C$3.35. The company’s stock had a trading volume of 42,537 shares, compared to its average volume of 51,894. VerticalScope has a 1 year low of C$3.00 and a 1 year high of C$14.75. The company has a quick ratio of 0.79, a current ratio of 1.65 and a debt-to-equity ratio of 55.19. The company has a market capitalization of C$72.06 million, a price-to-earnings ratio of -20.94 and a beta of 0.44. The firm’s 50-day moving average price is C$3.42 and its 200-day moving average price is C$3.83.

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.