VerticalScope (TSE:FORA) PT Lowered to C$16.00

VerticalScope (TSE:FORAGet Rating) had its price target lowered by equities research analysts at Raymond James from C$20.00 to C$16.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 148.06% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. National Bankshares dropped their price objective on shares of VerticalScope from C$19.00 to C$15.00 and set an “outperform” rating for the company in a research report on Wednesday. TD Securities lowered their price target on shares of VerticalScope from C$26.00 to C$20.00 and set a “buy” rating for the company in a report on Thursday, August 11th. Finally, Royal Bank of Canada lowered their price target on shares of VerticalScope from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, August 11th.

VerticalScope Price Performance

VerticalScope stock opened at C$6.45 on Wednesday. VerticalScope has a 52-week low of C$5.95 and a 52-week high of C$30.84. The firm has a fifty day moving average of C$8.92 and a 200-day moving average of C$12.47. The firm has a market capitalization of C$156.59 million and a P/E ratio of -4.48. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 83.08.

About VerticalScope

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VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform in Canada. It provides digital advertising services, including direct advertising campaigns, custom content solutions, and programmatic advertising; and e-commerce solutions. The company also focus on hyper-specific subjects that engender strong affinity from online communities of enthusiasts, super fans, experts, pros, hobbyists, and armchair analysts.

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