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

ForViva (LON:FVA)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Wednesday,Digital Look reports. They presently have a GBX 190 target price on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 49.02% from the company’s previous close.

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of ForViva in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, ForViva has an average rating of “Moderate Buy” and an average price target of GBX 190.

ForViva Price Performance

FVA traded up GBX 1 during mid-day trading on Wednesday, reaching GBX 127.50. 73,726 shares of the stock were exchanged, compared to its average volume of 53,700. The stock has a market capitalization of £66.03 million and a PE ratio of 5.57. The business has a 50 day moving average of GBX 129.36. ForViva has a 1 year low of GBX 114.50 and a 1 year high of GBX 140.

ForViva (LON:FVA) last posted its quarterly earnings data on Wednesday, April 22nd. The company reported GBX 11 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,057 million for the quarter.

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.