WELL Health Technologies Corp T.WELL

Scotiabank Raises Target

[retiredcf]

Scotia’s Kevin Krishnaratne bumped his Well Health Technologies Corp.  target to $7 from $6 with a “sector outperform” rating. The average is $8.37.

“Last week, WELL announced that it had closed an $50-million preferred share private placement to help fund its SaaS business, now branded as WELLSTAR, ahead of its spinout planned to occur by the end of 2025,” he said. “The financing values WELLSTAR at 4.0 times PF 2025 Sales, higher than the 2.5 times our prior sum-of-the-parts valuation was reflecting. We’ve updated our model to include two acquisitions WELLSTAR made concurrent with the financing ($15-million of LTM [last 12-month] revenue at 20-per-cent Adj. EBITDA margins), in addition to increasing our target multiple used for WELLSTAR to 4.0x sales. Our target for WELL moves to $7 (prior $6), but we see potential for further upside from many of the company’s other businesses, including Canadian Clinics (M&A pipeline has been increasing) and at Wisp and Circle Medical (strategic reviews at both were recently noted as progressing well during Q3′s earnings call).”

[PT12345]

GLTA  WELL longs  btw although I appreciate these "analysts" new targets  somwhat amused by this "7$"  target  outstanding ;-)  probe must have been done by Scotia - for them to feel that a target of 20cents from here is what they hope for in the next 12 months......     comical really   20cents thats it!!!!

[PT12345]

WELL Health Technologies Corp. (WELL.TO) 7.00+0.21(+3.10%) SCOTIA "analyst"  right on with his target prediction     :-O    too funny these guys

[kentucky77]

The wisards at Scotia seem to be late to the party... with cheap wine.

[kentucky77]

The wisards at Scotia seem to be late to the party... with cheap wine.  $7.00 ???