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

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

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

ForViva Trading Down 3.7%

Shares of LON:FVA opened at GBX 144.50 on Wednesday. The company has a market capitalization of £74.84 million and a price-to-earnings ratio of 5.97. ForViva has a 12-month low of GBX 114.50 and a 12-month high of GBX 152. The business has a 50-day moving average price of GBX 139.16 and a 200 day moving average price of GBX 135.48.

Insider Activity at ForViva

In other news, insider Tim Jones purchased 40,000 shares of the stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average cost of GBX 137 per share, for a total transaction of £54,800. Insiders acquired 90,000 shares of company stock worth $12,380,000 in the last ninety days. Company insiders own 7.31% of the company’s stock.

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.