Raymond James Financial Lowers VerticalScope (TSE:FORA) Price Target to C$5.00

VerticalScope (TSE:FORA) had its price target dropped by research analysts at Raymond James Financial from C$7.50 to C$5.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 58.73% from the stock’s previous close.

Several other analysts have also recently weighed in on FORA. National Bank Financial lowered their price target on VerticalScope from C$5.50 to C$4.50 and set a “sector perform” rating on the stock in a report on Wednesday, January 28th. Canadian Imperial Bank of Commerce raised their target price on shares of VerticalScope from C$4.00 to C$4.50 in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$7.50.

VerticalScope Stock Down 0.6%

Shares of TSE FORA opened at C$3.15 on Wednesday. VerticalScope has a 52 week low of C$2.40 and a 52 week high of C$11.75. The business has a 50-day simple moving average of C$2.94 and a two-hundred day simple moving average of C$3.17. The company has a quick ratio of 0.79, a current ratio of 2.27 and a debt-to-equity ratio of 59.23. The company has a market cap of C$67.76 million, a P/E ratio of -13.13 and a beta of 0.68.

VerticalScope (TSE:FORA) last posted its earnings results on Tuesday, March 3rd. The company reported C($0.22) earnings per share (EPS) for the quarter. The firm had revenue of C$20.22 million during the quarter. VerticalScope had a negative return on equity of 6.62% and a negative net margin of 8.44%. Research analysts anticipate that VerticalScope will post 0.3740942 earnings per share for the current fiscal year.

About VerticalScope

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.