WELL Health Technologies (TSE:WELL) Price Target Raised to C$6.00

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

WELL Health Technologies Stock Down 1.5%

Shares of WELL stock traded down C$0.08 during mid-day trading on Monday, hitting C$5.17. 946,444 shares of the stock traded hands, compared to its average volume of 1,010,112. The stock has a market cap of C$1.31 billion, a P/E ratio of -10.77, a P/E/G ratio of -1.93 and a beta of 0.94. The stock’s fifty day moving average is C$5.02 and its two-hundred day moving average is C$4.54. WELL Health Technologies has a 52-week low of C$3.68 and a 52-week high of C$7.36. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02.

Insider Activity at WELL Health Technologies

In related news, insider Eva Fong sold 15,000 shares of the 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 value of C$71,250.00. Following the completion of the transaction, the insider directly 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.