ForViva (LON:FVA) Stock Rating Reaffirmed as “Buy” by Canaccord Genuity Group

ForViva (LON:FVA)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, September 30th, Digital Look reports. They presently have a GBX 190 target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 34.49% from the company’s previous close.

Separately, Shore Capital Group restated a “hold” rating and issued a GBX 135 price objective on shares of ForViva in a research report on Wednesday, September 30th. One equities research 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 stock has an average rating of “Moderate Buy” and a consensus price target of GBX 162.50.

ForViva Trading Down 4.5%

LON FVA opened at GBX 141.28 on Wednesday. The stock has a market capitalization of £73.17 million and a price-to-earnings ratio of 5.84. ForViva has a twelve month low of GBX 114.50 and a twelve month high of GBX 152. The stock has a 50-day moving average of GBX 139.35 and a 200 day moving average of GBX 135.67.

Insider Activity

In related news, insider Tim Jones bought 40,000 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average price of GBX 138 per share, with a total value of £55,200. Insiders have bought a total of 90,000 shares of company stock valued at $12,380,000 in the last quarter. 7.31% of the stock is owned by company 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.