Scotiabank Cuts Vitalhub (TSE:VHI) Price Target to C$12.00

Vitalhub (TSE:VHI) had its price objective reduced by Scotiabank from C$15.00 to C$12.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts also recently weighed in on VHI. Stifel Nicolaus set a C$15.00 target price on Vitalhub and gave the stock a “buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada reduced their price target on Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$14.33.

Vitalhub Stock Performance

VHI stock opened at C$8.10 on Wednesday. The firm has a market cap of C$511.28 million, a P/E ratio of 202.50, a P/E/G ratio of 1.18 and a beta of 0.83. The firm’s fifty day moving average is C$8.94 and its 200 day moving average is C$10.56. Vitalhub has a 52 week low of C$7.92 and a 52 week high of C$14.64.

Vitalhub (TSE:VHI) last posted its quarterly earnings results on Thursday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. Vitalhub had a return on equity of 3.01% and a net margin of 5.11%.The company had revenue of C$32.04 million for the quarter. As a group, analysts forecast that Vitalhub will post 0.2296467 EPS for the current year.

Insider Buying and Selling

In other Vitalhub news, Director Anthony Pius Shen acquired 5,470 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was purchased at an average price of C$9.23 per share, with a total value of C$50,488.10. Following the transaction, the director directly owned 5,470 shares in the company, valued at approximately C$50,488.10. The trade was a ∞ increase in their position. Also, Director Francis Nelson Shen purchased 148,700 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were bought at an average cost of C$9.05 per share, with a total value of C$1,345,735.00. Following the acquisition, the director directly owned 148,700 shares of the company’s stock, valued at C$1,345,735. This trade represents a ∞ increase in their position. 18.57% of the stock is owned by corporate insiders.

About Vitalhub

Vitalhub Corp is Canada-based firm that develops technology solutions for health and human services providers in the mental health (child through adult), long term care, community health service, home health, social service, and acute care sectors. Its technologies include blockchain, mobile, patient flow, web-based assessment, and electronic health record solutions.