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

ForViva (LON:FVA)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 190 price objective on the stock. Canaccord Genuity Group’s target price points to a potential upside of 31.03% from the company’s previous close.

Separately, Shore Capital Group reiterated a “hold” rating and set a GBX 135 price target on shares of ForViva in a report on Wednesday. One investment 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, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 162.50.

ForViva Price Performance

FVA traded up GBX 5 on Wednesday, hitting GBX 145. The company had a trading volume of 185,851 shares, compared to its average volume of 47,822. The company’s fifty day moving average price is GBX 139 and its 200 day moving average price is GBX 135.15. ForViva has a 1-year low of GBX 114.50 and a 1-year high of GBX 149. The stock has a market cap of £75.10 million and a price-to-earnings ratio of 5.99.

Insider Activity at ForViva

In other ForViva news, insider Tim Jones acquired 40,000 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of GBX 137 per share, for a total transaction of £54,800. Insiders bought 90,000 shares of company stock valued at $12,380,000 in the last 90 days. 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.