Canaccord Genuity Group Reiterates Buy Rating for ForViva (LON:FVA)

Key Points

• Canaccord Genuity Group reiterated a Buy rating with a price target of GBX 190, implying roughly a 45.6% upside; Shore Capital kept a Hold and the consensus rating is a "Moderate Buy" with the same average target.
• Shares traded at GBX 130.50 on Friday (down GBX 2), with a 52‑week range of GBX 121–140, a market cap of £67.56m and a trailing PE of 5.70.
• Insider Josh Hoopes purchased 14,861 shares at GBX 134 on Dec. 22, and insiders collectively own 7.14% of the company.

ForViva (LON:FVA - Get Free Report)'s stock had its "buy" rating reissued by analysts at Canaccord Genuity Group in a research note issued on Friday, Marketbeat Ratings reports. They presently have a GBX 190 price objective on the stock. Canaccord Genuity Group's price target indicates a potential upside of 45.59% from the stock's current price.

Separately, Shore Capital Group reissued a "hold" rating on shares of ForViva in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ForViva has an average rating of "Moderate Buy" and an average target price of GBX 190.

ForViva Price Performance

Shares of FVA stock traded down GBX 2 during trading hours on Friday, hitting GBX 130.50. 13,575 shares of the company were exchanged, compared to its average volume of 58,616. The company's fifty day moving average price is GBX 132.79. ForViva has a 52-week low of GBX 121 and a 52-week high of GBX 140. The firm has a market cap of £67.56 million and a PE ratio of 5.70.

Insider Buying and Selling at ForViva

In other ForViva news, insider Josh Hoopes purchased 14,861 shares of the stock in a transaction dated Monday, December 22nd. The shares were bought at an average price of GBX 134 per share, with a total value of £19,913.74. 7.14% of the stock is owned by insiders.

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.

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