ForViva (LON:FVA) Stock Keeps “Hold” Rating at Shore Capital Group

ForViva (LON:FVA)‘s stock had its “hold” rating restated by Shore Capital Group in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 135 price target on the stock. Shore Capital Group’s target price suggests a potential downside of 6.57% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 190 price target on shares of ForViva in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 162.50.

ForViva Stock Down 3.7%

Shares of FVA stock traded down GBX 5.50 during mid-day trading on Wednesday, reaching GBX 144.50. The stock had a trading volume of 61,718 shares, compared to its average volume of 47,836. ForViva has a one year low of GBX 114.50 and a one year high of GBX 152. The firm has a market cap of £74.84 million and a PE ratio of 5.97. The firm’s 50 day simple moving average is GBX 139.16 and its 200 day simple moving average is GBX 135.48.

Insider Buying and Selling

In related news, insider Tim Jones acquired 40,000 shares of the stock in a transaction on Friday, July 17th. The stock was purchased at an average price of GBX 138 per share, for a total transaction of £55,200. Over the last 90 days, insiders have bought 90,000 shares of company stock worth $12,380,000. 7.31% of the stock is owned by corporate 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.