Brokerages Set Vitalhub Corp. (TSE:VHI) Target Price at C$13.86

Vitalhub Corp. (TSE:VHI) has been assigned an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$13.86.

A number of brokerages recently weighed in on VHI. Raymond James Financial lowered their target price on shares of Vitalhub from C$15.00 to C$11.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Scotiabank lowered their target price on shares of Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 4th. Royal Bank Of Canada lowered their target price on shares of Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a research report on Tuesday, March 10th.

Vitalhub Trading Down 1.7%

Shares of VHI opened at C$7.91 on Friday. The company has a market cap of C$500.17 million, a price-to-earnings ratio of 79.10, a PEG ratio of 1.18 and a beta of 0.90. Vitalhub has a 1-year low of C$6.67 and a 1-year high of C$14.64. The company’s fifty day simple moving average is C$7.68 and its 200 day simple moving average is C$8.90.

Vitalhub (TSE:VHI) last issued its earnings results on Wednesday, March 18th. The company reported C$0.06 earnings per share for the quarter. The business had revenue of C$31.39 million for the quarter. Vitalhub had a net margin of 5.61% and a return on equity of 2.75%. As a group, research analysts forecast that Vitalhub will post 0.2296467 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Anthony Pius Shen acquired 7,000 shares of Vitalhub stock in a transaction on Monday, March 30th. The stock was purchased at an average cost of C$7.11 per share, with a total value of C$49,770.00. Following the completion of the transaction, the director directly owned 12,470 shares in the company, valued at C$88,661.70. This trade represents a 127.97% increase in their position. Also, Director Francis Nelson Shen acquired 439,600 shares of Vitalhub stock in a transaction on Tuesday, March 24th. The shares were bought at an average cost of C$7.00 per share, with a total value of C$3,077,200.00. Following the completion of the transaction, the director owned 588,300 shares of the company’s stock, valued at approximately C$4,118,100. This trade represents a 295.63% increase in their ownership of the stock. Over the last ninety days, insiders have acquired 496,600 shares of company stock valued at $3,476,470. Company insiders own 18.57% of the company’s stock.

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.