ForViva’s (FVA) Buy Rating Reaffirmed at Canaccord Genuity Group

ForViva (LON:FVA)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, September 30th, Digital Look reports. They currently have a GBX 190 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 29.25% from the stock’s previous close.

Separately, Shore Capital Group reissued a “hold” rating and set a GBX 135 price objective on shares of ForViva in a research note 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 company’s stock. According to data from MarketBeat, ForViva currently has an average rating of “Moderate Buy” and an average target price of GBX 162.50.

ForViva Price Performance

Shares of FVA stock traded down GBX 1 during trading hours on Wednesday, hitting GBX 147. The stock had a trading volume of 35,125 shares, compared to its average volume of 47,967. The stock has a market capitalization of £76.14 million and a price-to-earnings ratio of 6.07. ForViva has a one year low of GBX 114.50 and a one year high of GBX 152. The stock’s 50-day moving average price is GBX 139.35 and its two-hundred day moving average price is GBX 135.67.

Insiders Place Their Bets

In other ForViva news, insider Tim Jones bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £55,200. Insiders have purchased 90,000 shares of company stock valued at $12,380,000 in the last three months. 7.31% of the stock is owned by company insiders.

About ForViva

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.