Canaccord Genuity Group Reaffirms Buy Rating for ForViva (LON:FVA)

ForViva (LON:FVA)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Wednesday, September 30th, Digital Look reports. They presently have a GBX 190 price objective on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 30.58% from the company’s current price.

Separately, Shore Capital Group reaffirmed a “hold” rating and set a GBX 135 price target on shares of ForViva in a research report on Wednesday, September 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 162.50.

ForViva Stock Performance

Shares of LON FVA traded down GBX 2.50 during mid-day trading on Wednesday, hitting GBX 145.50. The stock had a trading volume of 38,271 shares, compared to its average volume of 47,983. The company has a 50 day moving average of GBX 139.35 and a two-hundred day moving average of GBX 135.67. The firm has a market cap of £75.36 million and a PE ratio of 6.01. ForViva has a twelve month low of GBX 114.50 and a twelve month high of GBX 152.

Insiders Place Their Bets

In other news, insider Tim Jones bought 40,000 shares of ForViva stock in a transaction on Wednesday, July 15th. The shares were bought at an average cost of GBX 137 per share, for a total transaction of £54,800. Over the last three months, insiders have bought 90,000 shares of company stock valued at $12,380,000. 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.