N+1 Singer Cuts Conviviality (CVR) Price Target to GBX 190

Conviviality (LON:CVR) had its price target decreased by equities researchers at N+1 Singer from GBX 400 ($5.53) to GBX 190 ($2.63) in a research note issued on Monday. The firm currently has a “buy” rating on the stock. N+1 Singer’s price target would indicate a potential upside of 65.91% from the stock’s current price.

Separately, Shore Capital reaffirmed a “buy” rating on shares of Conviviality in a research note on Monday, January 29th.

Shares of Conviviality (LON CVR) opened at GBX 114.52 ($1.58) on Monday. The stock has a market capitalization of $219.94 and a P/E ratio of 1,145.20. Conviviality has a 52 week low of GBX 96.60 ($1.33) and a 52 week high of GBX 431.75 ($5.97).

In related news, insider Diana Hunter acquired 44,176 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of GBX 114 ($1.58) per share, with a total value of £50,360.64 ($69,578.12). Also, insider Martin Newman acquired 3,330 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of GBX 300 ($4.14) per share, with a total value of £9,990 ($13,802.16).

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Conviviality Company Profile

Conviviality Plc is a wholesaler and distributor of alcohol and impulse products serving consumers through its franchised retail outlets or through hospitality and food service. The Company’s activities consist of the wholesale and retail distribution of beers, wines, spirits, tobacco, grocery and confectionery within the United Kingdom to both the on-trade and off-trade market.

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