ForViva’s (FVA) “Hold” Rating Reaffirmed at Shore Capital Group

ForViva (LON:FVA)‘s stock had its “hold” rating reaffirmed by equities researchers at Shore Capital Group in a report issued on Wednesday, Digital Look reports. They presently have a GBX 135 target price on the stock. Shore Capital Group’s target price would suggest a potential downside of 10.00% from the company’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 190 price target on shares of ForViva in a research report on Friday, August 14th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 162.50.

ForViva Price Performance

Shares of LON FVA opened at GBX 150 on Wednesday. The company has a 50-day moving average price of GBX 139.12 and a 200-day moving average price of GBX 135.42. The stock has a market capitalization of £77.69 million and a P/E ratio of 6.20. ForViva has a 1 year low of GBX 114.50 and a 1 year high of GBX 152.

Insider Buying and Selling

In related news, insider Tim Jones acquired 40,000 shares of the company’s stock in a transaction on Friday, July 17th. The shares were acquired at an average cost of GBX 138 per share, for a total transaction of £55,200. Over the last ninety days, insiders acquired 90,000 shares of company stock valued at $12,380,000. Corporate insiders own 7.31% of the company’s stock.

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.