Enhanced Group (NYSE:ENHA) Stock Gets Price Target Bump from Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Enhanced Group’s price target from $5 to $17 while maintaining a “buy” rating, implying 80.56% upside from the previous close.
• Analyst sentiment remains mixed: Cantor Fitzgerald set a $40 target with an “overweight” rating, while Wall Street Zen rated the stock a “strong sell.” The overall consensus is “Hold,” with a $28.50 price target.
• Enhanced Group shares opened at $9.41 and have traded between $9.22 and $140 over the past year. The company is a blank-check firm that has not yet selected or begun substantive discussions with a business-combination target.

Enhanced Group (NYSE:ENHA - Get Free Report) had its price target boosted by investment analysts at Canaccord Genuity Group from $5.00 to $17.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 80.56% from the stock's previous close.

Several other research analysts also recently weighed in on ENHA. Cantor Fitzgerald assumed coverage on shares of Enhanced Group in a research report on Wednesday, September 23rd. They issued an "overweight" rating and a $40.00 target price on the stock. Weiss Ratings upgraded shares of Enhanced Group from a "sell (e)" rating to a "sell (e+)" rating in a research report on Friday, September 25th. Finally, Wall Street Zen downgraded shares of Enhanced Group to a "strong sell" rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $28.50.

Enhanced Group Trading Down 0.2%

NYSE ENHA opened at $9.41 on Friday. Enhanced Group has a 1 year low of $9.22 and a 1 year high of $140.00. The firm has a market cap of $365.11 million, a P/E ratio of -21.40 and a beta of -1.34. The business's 50-day moving average is $13.97.

Enhanced Group Company Profile

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

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