Raymond James Boosts VerticalScope (TSE:FORA) Price Target to C$11.50

VerticalScope (TSE:FORA) had its price target hoisted by research analysts at Raymond James from C$9.00 to C$11.50 in a report issued on Wednesday, BayStreet.CA reports. Raymond James’ target price would suggest a potential upside of 19.92% from the company’s previous close.

A number of other research analysts have also recently commented on FORA. CIBC raised VerticalScope from a “neutral” rating to an “outperform” rating and upped their price target for the company from C$6.00 to C$9.00 in a research report on Friday, March 15th. Cormark boosted their price objective on shares of VerticalScope from C$9.25 to C$12.70 in a research note on Tuesday, March 26th. Eight Capital raised their price target on shares of VerticalScope from C$7.00 to C$9.00 in a report on Friday, March 15th. TD Securities upgraded VerticalScope from a “buy” rating to an “action list buy” rating and upped their target price for the stock from C$7.50 to C$12.00 in a research note on Friday, March 15th. Finally, Royal Bank of Canada upped their target price on shares of VerticalScope from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th.

VerticalScope Trading Up 6.6 %

TSE FORA opened at C$9.59 on Wednesday. The stock has a market capitalization of C$179.24 million, a price-to-earnings ratio of -29.97 and a beta of 0.03. The business’s fifty day moving average is C$7.09 and its 200-day moving average is C$5.56. The company has a debt-to-equity ratio of 76.25, a current ratio of 1.91 and a quick ratio of 0.79. VerticalScope has a one year low of C$3.00 and a one year high of C$9.97.

VerticalScope Company Profile

VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform for online enthusiast communities in the United States, Canada, the United Kingdom, and internationally. The company provides digital advertising services comprising direct advertising campaigns serve primarily in original equipment manufacturers, retailers, and insurance providers; programmatic advertising which includes the monetization of display and video impressions, and private marketplace and programmatic guaranteed advertising; and custom content solutions that manages and produces branded content for advertisers, including product reviews, articles, e-mail features, and short videos; and provides e-commerce solutions.