Echelon Wealth Partners Sticks to Its Buy Rating for CloudMD Software & Services (DOCRF)

By Jason Carr

Echelon Wealth Partners analyst Rob Goff maintained a Buy rating on CloudMD Software & Services (DOCRFResearch Report) yesterday and set a price target of C$2.75. The company’s shares closed last Wednesday at $1.38.

Goff has an average return of 109.9% when recommending CloudMD Software & Services.

According to, Goff is ranked #341 out of 6915 analysts.

Currently, the analyst consensus on CloudMD Software & Services is a Moderate Buy with an average price target of $1.96, which is a 20.2% upside from current levels. In a report issued on September 22, Canaccord Genuity also maintained a Buy rating on the stock with a C$2.50 price target.

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The company has a one-year high of $1.83 and a one-year low of $0.20. Currently, CloudMD Software & Services has an average volume of 661.3K.

Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DOCRF in relation to earlier this year.

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Premier Health Group Inc. is a Canadian company. It is focused on health care approaches that combine human skill-based expertise with emerging technologies. The firm along with its subsidiary offers SAAS based health technology solutions including a cloud-based Electronic Medical Records (EMR) software, medical billing software and an online patient portal, Premier Health Group is also developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI).