Ventum Financial Has Lowered Expectations for WELL Health Technologies (TSE:WELL) Stock Price

WELL Health Technologies (TSE:WELL) had its price objective cut by Ventum Financial from C$8.00 to C$7.60 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Ventum Financial’s price objective suggests a potential upside of 94.87% from the company’s current price.

Several other brokerages also recently commented on WELL. TD Securities reduced their target price on WELL Health Technologies from C$8.50 to C$7.50 and set a “buy” rating for the company in a report on Wednesday. Raymond James upped their price objective on shares of WELL Health Technologies from C$10.00 to C$11.00 in a research note on Tuesday, December 17th. Finally, Royal Bank of Canada dropped their target price on shares of WELL Health Technologies from C$8.50 to C$7.50 and set an “outperform” rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$8.08.

WELL Health Technologies Price Performance

Shares of TSE:WELL traded down C$0.14 on Wednesday, reaching C$3.90. 1,660,671 shares of the company traded hands, compared to its average volume of 988,318. The stock has a market capitalization of C$974.70 million, a PE ratio of 13.22, a P/E/G ratio of -1.93 and a beta of 1.20. The company has a debt-to-equity ratio of 46.79, a current ratio of 1.14 and a quick ratio of 1.02. The company’s 50 day moving average is C$5.20 and its 200-day moving average is C$5.56. WELL Health Technologies has a fifty-two week low of C$3.46 and a fifty-two week high of C$7.36.

About WELL Health Technologies

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.