Bright Health Group (NYSE:BHG) Now Covered by Analysts at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Bright Health Group (NYSE:BHG) in a report released on Monday morning, PriceTargets.com reports. The firm issued an outperform rating and a $22.00 target price on the stock.

A number of other equities research analysts have also weighed in on the stock. Piper Sandler initiated coverage on shares of Bright Health Group in a report on Monday. They issued an overweight rating and a $24.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Bright Health Group in a report on Monday. They issued a buy rating for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $19.71.

Shares of BHG opened at $12.38 on Monday. Bright Health Group has a fifty-two week low of $11.64 and a fifty-two week high of $17.93.

In other news, major shareholder Scott D. Sandell purchased 1,944,444 shares of the stock in a transaction that occurred on Monday, June 28th. The stock was bought at an average cost of $18.00 per share, for a total transaction of $34,999,992.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bright Health Group Company Profile

Bright Health Group, Inc, an integrated care delivery company, engages in the delivery and financing of health insurance plans in the United States. It operates in two segments, NeueHealth and Bright HealthCare. The company offers individual and family, Medicare, and employers insurance plans. It also operates 28 managed and affiliated risk-bearing primary care clinics.

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Analyst Recommendations for Bright Health Group (NYSE:BHG)

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