VerticalScope (TSE:FORA) Price Target Lowered to C$4.25 at National Bank Financial

VerticalScope (TSE:FORA) had its price target decreased by equities research analysts at National Bank Financial from C$4.50 to C$4.25 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective suggests a potential upside of 59.77% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Raymond James Financial dropped their target price on shares of VerticalScope from C$7.50 to C$5.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. TD Securities lowered their price objective on shares of VerticalScope from C$4.00 to C$3.00 and set a “hold” rating for the company in a research report on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, VerticalScope currently has an average rating of “Hold” and a consensus target price of C$4.63.

VerticalScope Stock Performance

Shares of TSE:FORA remained flat at C$2.66 during midday trading on Friday. 7,451 shares of the company were exchanged, compared to its average volume of 11,555. The company has a current ratio of 2.62, a quick ratio of 0.79 and a debt-to-equity ratio of 60.61. The company’s 50 day moving average is C$2.90 and its two-hundred day moving average is C$3.02. VerticalScope has a 12-month low of C$2.40 and a 12-month high of C$4.75. The firm has a market capitalization of C$57.67 million, a PE ratio of -7.19 and a beta of 0.33.

VerticalScope (TSE:FORA) last issued its earnings results on Tuesday, May 12th. The company reported C($0.19) earnings per share for the quarter. VerticalScope had a negative return on equity of 10.35% and a negative net margin of 13.83%.The company had revenue of C$16.07 million for the quarter. As a group, sell-side analysts expect that VerticalScope will post 0.3740942 EPS for the current 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.