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

ForViva (LON:FVA)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity Group in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 190 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 47.29% from the stock’s previous close.

Separately, Shore Capital Group reissued a “hold” rating on shares of ForViva in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 190.

ForViva Price Performance

Shares of ForViva stock opened at GBX 129 on Friday. ForViva has a 1 year low of GBX 121 and a 1 year high of GBX 140. The stock’s 50 day moving average is GBX 132.69. The firm has a market cap of £66.78 million and a P/E ratio of 5.63.

Insiders Place Their Bets

In other news, insider Josh Hoopes acquired 14,861 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average cost of GBX 134 per share, for a total transaction of £19,913.74. 7.14% of the stock is currently owned by corporate insiders.

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.