WELL Health Technologies (TSE:WELL) Price Target Cut to C$7.50 by Analysts at Royal Bank of Canada

WELL Health Technologies (TSE:WELL) had its price objective dropped by investment analysts at Royal Bank of Canada from C$8.50 to C$7.50 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 73.21% from the company’s current price.

A number of other research firms have also recently issued reports on WELL. Scotiabank increased their target price on WELL Health Technologies from C$6.00 to C$7.00 in a report on Monday, December 16th. Raymond James increased their price objective on WELL Health Technologies from C$10.00 to C$11.00 in a report on Tuesday, December 17th. Ventum Financial boosted their target price on WELL Health Technologies from C$7.50 to C$8.00 in a research note on Thursday, January 30th. TD Securities raised their price target on shares of WELL Health Technologies from C$8.00 to C$8.50 in a research note on Tuesday, December 17th. Finally, CIBC boosted their price objective on shares of WELL Health Technologies from C$5.25 to C$7.00 in a research report on Friday, December 13th.

WELL Health Technologies Price Performance

TSE WELL opened at C$4.33 on Monday. The business has a 50 day simple moving average of C$5.72 and a 200 day simple moving average of C$5.58. The company has a debt-to-equity ratio of 46.79, a quick ratio of 1.02 and a current ratio of 1.14. WELL Health Technologies has a 52-week low of C$3.41 and a 52-week high of C$7.36. The stock has a market cap of C$1.08 billion, a price-to-earnings ratio of 14.67, a PEG ratio of -1.93 and a beta of 1.20.

About WELL Health Technologies

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.