Royal Bank of Canada Forecasts Strong Price Appreciation for WELL Health Technologies (TSE:WELL) Stock

WELL Health Technologies (TSE:WELL) had its price objective hoisted by stock analysts at Royal Bank of Canada from C$7.00 to C$8.50 in a report released on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price objective would indicate a potential upside of 23.01% from the company’s previous close.

Several other research firms have also commented on WELL. Ventum Financial cut their price target on shares of WELL Health Technologies from C$8.00 to C$7.00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. Haywood Securities lifted their target price on shares of WELL Health Technologies from C$8.00 to C$10.00 in a report on Friday, December 13th. Raymond James upped their price target on shares of WELL Health Technologies from C$10.00 to C$11.00 in a research report on Tuesday, December 17th. CIBC raised their price objective on WELL Health Technologies from C$5.25 to C$7.00 in a research report on Friday, December 13th. Finally, Scotiabank upped their target price on WELL Health Technologies from C$6.00 to C$7.00 in a research report on Monday, December 16th.

WELL Health Technologies Stock Performance

Shares of TSE:WELL opened at C$6.91 on Tuesday. The firm has a market capitalization of C$1.72 billion, a PE ratio of 12.12, a P/E/G ratio of -1.93 and a beta of 1.20. WELL Health Technologies has a 12 month low of C$3.41 and a 12 month high of C$7.36. The company has a debt-to-equity ratio of 41.57, a current ratio of 1.25 and a quick ratio of 1.02. The business has a 50-day moving average of C$6.04 and a two-hundred day moving average of C$5.07.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally. It provides omni-channel patient services and solutions to specific markets, such as provider staffing, anesthesia, gastrointestinal health, women's health, primary care, and mental healthcare.