ForViva (LON:FVA) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of ForViva (LON:FVA) in a research note issued to investors on Friday morning,Digital Look reports. The firm currently has a GBX 190 target price on the stock.

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of ForViva in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

ForViva Price Performance

Shares of FVA stock opened at GBX 140.50 on Friday. ForViva has a one year low of GBX 114.50 and a one year high of GBX 148.75. The company’s 50-day simple moving average is GBX 136.15 and its two-hundred day simple moving average is GBX 133.34. The company has a market capitalization of £72.76 million and a P/E ratio of 5.81.

Insider Buying and Selling at ForViva

In other ForViva news, insider Tim Jones acquired 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was bought at an average price of GBX 137 per share, with a total value of £54,800. Insiders have bought 90,000 shares of company stock valued at $12,380,000 over the last quarter. Company insiders own 7.31% of the company’s stock.

ForViva Company Profile

ForViva plc (LON: FVA) is a United Kingdom–based property company that operates in the residential and specialist housing sectors. The group’s activities are focused on ownership, management and leasing of housing assets that serve social, affordable and supported living needs. Its portfolio is oriented toward providing long‑term rental accommodation and specialist premises that accommodate people requiring additional care or support.

Services associated with ForViva’s property portfolio typically include day‑to‑day asset management, tenancy management, property maintenance and refurbishment, and collaboration with public sector bodies and third‑party care providers to deliver supported housing solutions.