Vitalhub Corp. (TSE:VHI) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• Vitalhub Corp. (TSE:VHI) has received a consensus rating of "Buy" from seven brokerage firms, with an average 12-month target price of C$14.83.
• The company's stock, trading currently at C$10.87, has seen recent fluctuations including a twelve month low of C$8.50 and a high of C$14.64.
• Insider trading activity includes Director Danny Matlow selling 150,000 shares for approximately C$1.91 million, representing a significant decrease in his ownership.

Vitalhub Corp. (TSE:VHI - Get Free Report) has earned a consensus recommendation of "Buy" from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$14.83.

Several brokerages recently issued reports on VHI. Royal Bank Of Canada set a C$15.00 price objective on Vitalhub and gave the stock a "moderate buy" rating in a research note on Thursday, September 18th. TD Securities raised their target price on Vitalhub from C$15.00 to C$16.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Raymond James Financial raised their target price on Vitalhub from C$14.50 to C$15.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Scotiabank raised their target price on Vitalhub from C$14.00 to C$14.50 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, National Bankshares set a C$16.00 target price on Vitalhub and gave the company an "outperform" rating in a research note on Thursday, August 21st.

Vitalhub Trading Down 3.5%

VHI stock opened at C$10.87 on Monday. The firm has a 50 day simple moving average of C$12.06 and a 200-day simple moving average of C$11.34. Vitalhub has a twelve month low of C$8.50 and a twelve month high of C$14.64. The company has a market capitalization of C$682.96 million, a P/E ratio of 135.88, a PEG ratio of 1.18 and a beta of 0.62.

Insiders Place Their Bets

In other news, Director Danny Matlow sold 150,000 shares of the firm's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of C$12.75, for a total transaction of C$1,912,500.00. Following the transaction, the director directly owned 520,001 shares of the company's stock, valued at approximately C$6,630,012.75. This trade represents a 22.39% decrease in their ownership of the stock. Also, Director Steve Garrington sold 20,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of C$12.90, for a total value of C$258,000.00. Following the transaction, the director directly owned 60,000 shares in the company, valued at C$774,000. This trade represents a 25.00% decrease in their ownership of the stock. 18.57% of the stock is currently owned by company insiders.

Vitalhub Company Profile

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.

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