Nuvei Co. (TSE:NVEI) Receives C$104.00 Average Target Price from Brokerages

Nuvei Co. (TSE:NVEIGet Rating) has received an average rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$94.67.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Nuvei in a research report on Friday, March 11th. They set a “buy” rating and a C$65.00 price target on the stock. Cowen decreased their price target on Nuvei from C$143.00 to C$87.00 and set a “buy” rating on the stock in a research report on Wednesday. Cowen decreased their price target on Nuvei from C$123.00 to C$87.00 in a research report on Thursday. Finally, Sumitomo Mitsui Financial Group upped their price target on Nuvei to C$90.00 and gave the company a “hold” rating in a research report on Tuesday, March 29th.

TSE NVEI opened at C$62.44 on Wednesday. The firm’s 50-day simple moving average is C$79.26 and its two-hundred day simple moving average is C$87.69. Nuvei has a 52 week low of C$50.64 and a 52 week high of C$180.00. The company has a market cap of C$8.92 billion and a PE ratio of 69.07. The company has a quick ratio of 0.93, a current ratio of 1.78 and a debt-to-equity ratio of 25.16.

Nuvei Company Profile (Get Rating)

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. It provides a suite of payment solutions to support lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels.

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