Insider Buying: ForViva (LON:FVA) Insider Purchases 40,000 Shares of Stock

ForViva plc (LON:FVA) insider Tim Jones purchased 40,000 shares of ForViva stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average price of GBX 137 per share, for a total transaction of £54,800.

Tim Jones also recently made the following trade(s):

• On Tuesday, July 14th, Tim Jones bought 10,000 shares of ForViva stock. The shares were acquired at an average cost of GBX 138 per share, for a total transaction of £13,800.

ForViva Stock Performance

Shares of ForViva stock traded up GBX 7 during midday trading on Thursday, reaching GBX 144. 60,574 shares of the company’s stock traded hands, compared to its average volume of 52,626. The stock has a 50 day moving average of GBX 134.71 and a 200-day moving average of GBX 132.93. ForViva plc has a 12 month low of GBX 114.50 and a 12 month high of GBX 145. The company has a market cap of £74.58 million and a PE ratio of 5.95.

ForViva (LON:FVA) last released its quarterly earnings results on Wednesday, April 22nd. The company reported GBX 11 earnings per share for the quarter. The company had revenue of GBX 5,057 million during the quarter.

Wall Street Analyst Weigh In

FVA has been the subject of a number of research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 190 price target on shares of ForViva in a research note on Monday, June 29th. Shore Capital Group reaffirmed a “hold” rating on shares of ForViva in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, ForViva has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

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.