WELL Health Technologies (TSE:WELL) Given a C$8.50 Price Target by TD Analysts

Key Points

• TD initiated a C$8.50 price target on WELL Health Technologies with a “buy” rating, implying approximately 90% upside from the stock’s C$4.47 price at the time of reporting.
• Canaccord Genuity also maintained a “buy” rating and raised its target to C$7.75. Across five analyst ratings, WELL has an average “Buy” recommendation and an average price target of C$7.40.
• WELL shares rose 3.7% to C$4.47, while the company reported quarterly revenue of C$400.43 million and earnings of C$0.04 per share. WELL operates more than 250 Canadian clinics and serves over 5 million annual patient visits.

WELL Health Technologies (TSE:WELL - Get Free Report) received a C$8.50 target price from investment analysts at TD in a research report issued on Monday, BayStreet reports. The brokerage presently has a "buy" rating on the stock. TD's price objective points to a potential upside of 90.16% from the stock's current price.

Separately, Canaccord Genuity Group boosted their price target on shares of WELL Health Technologies from C$6.50 to C$7.75 and gave the company a "buy" rating in a research note on Thursday, July 9th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, WELL Health Technologies currently has an average rating of "Buy" and an average price target of C$7.40.

WELL Health Technologies Stock Up 3.7%

Shares of WELL traded up C$0.16 during trading hours on Monday, hitting C$4.47. The stock had a trading volume of 1,013,915 shares, compared to its average volume of 1,367,758. WELL Health Technologies has a 1-year low of C$3.58 and a 1-year high of C$6.08. The firm has a market capitalization of C$1.14 billion, a P/E ratio of 223.50, a price-to-earnings-growth ratio of -1.93 and a beta of 0.71. The firm has a 50 day simple moving average of C$4.25 and a 200-day simple moving average of C$4.21. The company has a debt-to-equity ratio of 100.05, a current ratio of 0.80 and a quick ratio of 1.02.

WELL Health Technologies (TSE:WELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.04 earnings per share for the quarter. WELL Health Technologies had a return on equity of 0.44% and a net margin of 0.25%.The business had revenue of C$400.43 million for the quarter. Sell-side analysts predict that WELL Health Technologies will post 0.3000698 EPS for the current fiscal year.

WELL Health Technologies Company Profile

WELL Health Technologies Corp. TSX: WELL is Canada's largest outpatient healthcare company and a leading provider of technology-enabled healthcare solutions. WELL is building the infrastructure for a healthier Canada, where every patient gets better care, every provider is empowered by AI, and every piece of health data is protected. WELL owns and operates more than 250 clinics in Canada, supporting more than 5 million annual patient visits. Through its subsidiary WELLSTAR, WELL provides electronic medical records, AI-powered clinical tools, patient engagement platforms and IT management services.

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