CIBC Forecasts Strong Price Appreciation for WELL Health Technologies (TSE:WELL) Stock

WELL Health Technologies (TSE:WELL) had its target price boosted by analysts at CIBC from C$5.25 to C$6.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective indicates a potential upside of 16.05% from the stock’s current price.

WELL Health Technologies Stock Performance

Shares of TSE WELL traded down C$0.08 during midday trading on Monday, reaching C$5.17. 946,444 shares of the stock were exchanged, compared to its average volume of 1,010,112. The firm has a market cap of C$1.31 billion, a price-to-earnings ratio of -10.77, a PEG ratio of -1.93 and a beta of 0.94. WELL Health Technologies has a twelve month low of C$3.68 and a twelve month high of C$7.36. The firm has a 50-day simple moving average of C$5.02 and a two-hundred day simple moving average of C$4.54. The company has a quick ratio of 1.02, a current ratio of 1.14 and a debt-to-equity ratio of 46.79.

Insider Activity at WELL Health Technologies

In other news, insider Eva Fong sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of C$4.75, for a total transaction of C$71,250.00. Following the sale, the insider owned 1,973,819 shares of the company’s stock, valued at C$9,375,640.25. This trade represents a 0.75% decrease in their position. 6.80% of the stock is owned by insiders.

About WELL Health Technologies

WELL Health Technologies Corp is the owner and operator of a portfolio of Primary Hclinics delivering healthcare-related services It operates through below segments: clinical operations and allied health, Electronic medical record (EMR), Billing and revenue cycle management solutions, Digital apps, Cybersecurity, CRH, MyHealth, and corporate/shared services.