ForViva's (FVA) "Hold" Rating Reiterated at Shore Capital Group

Key Points

• Shore Capital reiterated a "Hold" on ForViva while Canaccord Genuity maintained a "Buy" with a GBX 190 price target; one analyst rates the stock Buy and one Hold, leaving an average consensus of "Moderate Buy" and an average target of GBX 190.
• Shares dropped about 4.4% to GBX 130.50 on higher-than-average volume (62,553 vs. 54,440), with a market cap of £67.58m and a P/E of 5.70.
• ForViva is a UK property group focused on owning, managing and leasing social, affordable and supported housing, providing long-term rental accommodation and specialist care premises.

ForViva (LON:FVA - Get Free Report)'s stock had its "hold" rating reaffirmed by equities research analysts at Shore Capital Group in a note issued to investors on Friday,Digital Look reports.

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 190 price objective on shares of ForViva in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating and one has given 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 Stock Down 4.4%

LON:FVA traded down GBX 6 during mid-day trading on Friday, reaching GBX 130.50. The stock had a trading volume of 62,553 shares, compared to its average volume of 54,440. The stock has a market cap of £67.58 million and a price-to-earnings ratio of 5.70. ForViva has a twelve month low of GBX 114.50 and a twelve month high of GBX 140. The firm's 50 day moving average price is GBX 129.62.

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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