TD Securities Cuts VerticalScope (TSE:FORA) Price Target to C$4.00

VerticalScope (TSE:FORA) had its price target trimmed by TD Securities from C$4.50 to C$4.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group reduced their price objective on shares of VerticalScope from C$10.00 to C$6.00 and set a “speculative buy” rating for the company in a report on Thursday, May 22nd. Royal Bank Of Canada cut VerticalScope from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$9.00 to C$6.00 in a report on Thursday, May 22nd. CIBC decreased their price target on VerticalScope from C$6.00 to C$5.00 in a research note on Thursday, May 22nd. Finally, National Bankshares lowered their price target on VerticalScope from C$9.00 to C$8.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, VerticalScope presently has a consensus rating of “Hold” and a consensus price target of C$10.15.

VerticalScope Trading Down 0.3%

Shares of VerticalScope stock opened at C$3.42 on Thursday. VerticalScope has a 1 year low of C$3.29 and a 1 year high of C$14.75. The company’s fifty day simple moving average is C$3.96 and its 200-day simple moving average is C$6.64. The company has a market cap of C$53.88 million, a price-to-earnings ratio of 19.25 and a beta of -0.02. The company has a current ratio of 1.65, a quick ratio of 0.79 and a debt-to-equity ratio of 55.19.

Insider Activity

In other VerticalScope news, Senior Officer Christopher Michael Goodridge acquired 25,000 shares of VerticalScope stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of C$4.00 per share, for a total transaction of C$100,000.00. 37.10% of the stock is currently owned by corporate insiders.

VerticalScope Company Profile

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.