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

ForViva (LON:FVA)‘s stock had its “buy” rating reaffirmed by Canaccord Genuity Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 190 price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 29.25% from the company’s current price.

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

ForViva Trading Up 5.0%

Shares of FVA traded up GBX 7 during midday trading on Wednesday, hitting GBX 147. The stock had a trading volume of 197,343 shares, compared to its average volume of 47,883. The business has a 50-day simple moving average of GBX 139 and a two-hundred day simple moving average of GBX 135.15. ForViva has a fifty-two week low of GBX 114.50 and a fifty-two week high of GBX 149. The firm has a market cap of £76.14 million and a P/E ratio of 6.07.

Insider Buying and Selling at ForViva

In other news, insider Tim Jones bought 40,000 shares of the company’s stock in a transaction that occurred on Friday, July 17th. The stock was bought at an average price of GBX 138 per share, for a total transaction of £55,200. Over the last 90 days, insiders bought 90,000 shares of company stock valued at $12,380,000. 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.