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

ForViva (LON:FVA)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 190 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 31.49% 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 report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ForViva has an average rating of “Moderate Buy” and an average target price of GBX 162.50.

ForViva Stock Down 3.7%

Shares of LON FVA opened at GBX 144.50 on Wednesday. The firm has a 50-day simple moving average of GBX 139.16 and a 200-day simple moving average of GBX 135.48. The stock has a market capitalization of £74.84 million and a price-to-earnings ratio of 5.97. ForViva has a 52 week low of GBX 114.50 and a 52 week high of GBX 152.

Insiders Place Their Bets

In other news, insider Tim Jones acquired 40,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average cost of GBX 138 per share, with a total value of £55,200. Insiders have purchased a total of 90,000 shares of company stock valued at $12,380,000 over the last 90 days. 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.