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

ForViva (LON:FVA)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 190 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 32.75% from the company’s current price.

Separately, Shore Capital Group reaffirmed a “hold” rating and issued a GBX 135 price target 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. Based on 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

FVA opened at GBX 143.12 on Wednesday. The company has a market capitalization of £74.13 million and a P/E ratio of 5.91. ForViva has a 1-year low of GBX 114.50 and a 1-year high of GBX 148.75. The company has a 50-day moving average of GBX 139 and a 200-day moving average of GBX 135.15.

Insider Buying and Selling

In other news, insider Tim Jones purchased 40,000 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was acquired at an average price of GBX 137 per share, with a total value of £54,800. Insiders have purchased 90,000 shares of company stock worth $12,380,000 over the last quarter. Insiders own 7.31% of the company’s stock.

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.