Royal Bank Of Canada Lowers Vitalhub (TSE:VHI) Price Target to C$12.00

Vitalhub (TSE:VHI) had its price objective reduced by investment analysts at Royal Bank Of Canada from C$13.00 to C$12.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 36.83% from the stock’s current price.

Separately, Stifel Nicolaus set a C$15.00 target price on shares of Vitalhub and gave the company a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$14.75.

Vitalhub Price Performance

Vitalhub stock traded down C$0.23 during mid-day trading on Monday, hitting C$8.77. 450,824 shares of the company were exchanged, compared to its average volume of 256,277. The company has a market capitalization of C$551.02 million, a P/E ratio of 219.25, a PEG ratio of 1.18 and a beta of 0.98. The business’s 50 day simple moving average is C$9.06 and its two-hundred day simple moving average is C$10.80. Vitalhub has a 12-month low of C$8.25 and a 12-month high of C$14.64.

Vitalhub (TSE:VHI) last issued its quarterly earnings data on Thursday, November 6th. The company reported C($0.01) earnings per share (EPS) for the quarter. Vitalhub had a return on equity of 3.01% and a net margin of 5.11%.The business had revenue of C$32.04 million during the quarter. Equities research analysts predict that Vitalhub will post 0.2296467 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Francis Nelson Shen acquired 148,700 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average cost of C$9.05 per share, for a total transaction of C$1,345,735.00. Following the completion of the transaction, the director directly owned 148,700 shares in the company, valued at C$1,345,735. This represents a ∞ increase in their position. Also, Director Anthony Pius Shen acquired 5,470 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was acquired at an average cost of C$9.23 per share, for a total transaction of C$50,488.10. Following the completion of the purchase, the director directly owned 5,470 shares in the company, valued at C$50,488.10. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 18.57% of the company’s stock.

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.