Raymond James Financial Lowers Vitalhub (TSE:VHI) Price Target to C$11.00

Vitalhub (TSE:VHI) had its target price reduced by investment analysts at Raymond James Financial from C$15.00 to C$11.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price target suggests a potential upside of 54.93% from the company’s current price.

Several other brokerages have also issued reports on VHI. Royal Bank Of Canada cut their target price on shares of Vitalhub from C$13.00 to C$12.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Scotiabank dropped their price target on shares of Vitalhub from C$15.00 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, ATB Cormark Capital Markets reduced their price objective on shares of Vitalhub from C$16.50 to C$15.00 and set an “outperform” rating for the company in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$13.86.

Vitalhub Stock Up 0.3%

Shares of Vitalhub stock opened at C$7.10 on Tuesday. The company’s fifty day moving average is C$8.14 and its 200 day moving average is C$9.37. Vitalhub has a twelve month low of C$6.67 and a twelve month high of C$14.64. The stock has a market cap of C$448.95 million, a price-to-earnings ratio of 71.00, a P/E/G ratio of 1.18 and a beta of 0.65.

Vitalhub (TSE:VHI) last issued its quarterly earnings results on Wednesday, March 18th. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$31.39 million for the quarter. Vitalhub had a return on equity of 2.75% and a net margin of 5.61%. As a group, equities analysts anticipate that Vitalhub will post 0.2296467 earnings per share for the current fiscal year.

About Vitalhub

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.