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

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

Separately, Shore Capital Group reaffirmed a “hold” rating and set a GBX 135 price objective on shares of ForViva in a research note 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 162.50.

ForViva Stock Performance

FVA traded up GBX 7 during midday trading on Wednesday, reaching GBX 147. 176,056 shares of the company were exchanged, compared to its average volume of 47,770. The stock has a market capitalization of £76.14 million and a P/E ratio of 6.07. ForViva has a one year low of GBX 114.50 and a one year high of GBX 148.75. The stock’s 50-day simple moving average is GBX 139 and its 200 day simple moving average is GBX 135.15.

Insider Buying and Selling

In related news, insider Tim Jones bought 40,000 shares of the stock in a transaction that occurred on Friday, July 17th. The shares were acquired at an average price of GBX 138 per share, with a total value of £55,200. Over the last quarter, insiders have bought 90,000 shares of company stock worth $12,380,000. 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.