ForViva (LON:FVA) Stock Keeps Buy Rating at Canaccord Genuity Group

ForViva (LON:FVA)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 190 target price on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 29.25% from the stock’s current price.

Separately, Shore Capital Group reiterated a “hold” rating and issued a GBX 135 target price on shares of ForViva in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.50.

ForViva Price Performance

ForViva stock traded up GBX 7 during trading hours on Wednesday, hitting GBX 147. 197,343 shares of the stock traded hands, compared to its average volume of 47,883. The firm’s 50 day moving average price is GBX 139 and its 200-day moving average price is GBX 135.15. The stock has a market capitalization of £76.14 million and a price-to-earnings ratio of 6.07. ForViva has a 1 year low of GBX 114.50 and a 1 year high of GBX 149.

Insider Buying and Selling

In related news, insider Tim Jones purchased 40,000 shares of the firm’s stock in a transaction that occurred on Friday, July 17th. The shares were purchased at an average cost of GBX 138 per share, with a total value of £55,200. Over the last ninety days, insiders have acquired 90,000 shares of company stock valued at $12,380,000. 7.31% of the stock is currently owned by insiders.

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.