Scotiabank Cuts WELL Health Technologies (TSE:WELL) Price Target to C$7.00

WELL Health Technologies (TSE:WELL) had its target price dropped by investment analysts at Scotiabank from C$8.00 to C$7.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s target price suggests a potential upside of 79.49% from the stock’s previous close.

Several other research analysts have also recently commented on the company. TD Securities cut their price target on WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating on the stock in a research note on Wednesday. Ventum Financial cut their target price on shares of WELL Health Technologies from C$8.00 to C$7.60 and set a “buy” rating on the stock in a research note on Wednesday. CIBC decreased their price target on WELL Health Technologies from C$7.00 to C$5.00 and set a “neutral” rating for the company in a research note on Wednesday. Royal Bank of Canada cut their price objective on WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research note on Monday, March 31st. Finally, Raymond James lifted their target price on WELL Health Technologies from C$10.00 to C$11.00 in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$8.08.

WELL Health Technologies Stock Down 3.5 %

WELL stock traded down C$0.14 during trading on Wednesday, reaching C$3.90. The stock had a trading volume of 1,660,671 shares, compared to its average volume of 988,318. The company has a current ratio of 1.14, a quick ratio of 1.02 and a debt-to-equity ratio of 46.79. The firm has a fifty day moving average price of C$5.20 and a 200 day moving average price of C$5.56. The company has a market capitalization of C$974.70 million, a P/E ratio of 13.22, a PEG ratio of -1.93 and a beta of 1.20. WELL Health Technologies has a 1-year low of C$3.46 and a 1-year high of C$7.36.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.