Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for WELL Health Technologies (TSE:WELL) Stock

WELL Health Technologies (TSE:WELL) had its price target boosted by investment analysts at Canadian Imperial Bank of Commerce from C$5.50 to C$6.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price objective indicates a potential upside of 23.71% from the stock’s current price.

Several other research analysts also recently commented on the company. Stifel Nicolaus raised their target price on WELL Health Technologies from C$8.00 to C$8.25 and gave the stock a “buy” rating in a research note on Wednesday. Scotiabank cut their target price on WELL Health Technologies from C$7.00 to C$6.50 and set an “outperform” rating for the company in a research note on Wednesday, February 4th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, WELL Health Technologies has an average rating of “Buy” and a consensus price target of C$6.92.

WELL Health Technologies Stock Performance

Shares of WELL stock traded down C$0.03 on Wednesday, hitting C$4.85. 1,698,436 shares of the stock were exchanged, compared to its average volume of 1,505,664. WELL Health Technologies has a one year low of C$3.58 and a one year high of C$6.08. The firm’s 50 day moving average is C$4.06 and its two-hundred day moving average is C$4.05. The company has a current ratio of 0.83, a quick ratio of 1.02 and a debt-to-equity ratio of 91.15. The firm has a market capitalization of C$1.24 billion, a PE ratio of 44.09, a P/E/G ratio of -1.93 and a beta of 0.87.

WELL Health Technologies (TSE:WELL) last issued its earnings results on Thursday, May 7th. The company reported C$0.06 EPS for the quarter. WELL Health Technologies had a return on equity of 3.15% and a net margin of 1.82%.The business had revenue of C$368.26 million during the quarter. Sell-side analysts expect that WELL Health Technologies will post 0.3000698 earnings per share for the current fiscal year.

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. Its segments are grouped in three divisions; Omni-channel Patient Services – Primary includes clinical operations and allied health. Omni-channel Patient Services – Specialized comprises CRH and MyHealth under two segments.