Nuvei (TSE:NVEI) PT Lowered to C$87.00

Nuvei (TSE:NVEIGet Rating) had its price objective decreased by equities research analysts at Cowen from C$123.00 to C$87.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. Cowen’s price objective points to a potential upside of 39.33% from the stock’s current price.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. initiated coverage on Nuvei in a research report on Friday, March 11th. They set a “buy” rating and a C$65.00 price objective for the company. Cowen lowered their price objective on Nuvei from C$143.00 to C$87.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Sumitomo Mitsui Financial Group raised their price objective on Nuvei to C$90.00 and gave the company a “hold” rating in a research report on Tuesday, March 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Nuvei currently has a consensus rating of “Buy” and a consensus target price of C$94.67.

Shares of Nuvei stock opened at C$62.44 on Thursday. The company has a current ratio of 1.78, a quick ratio of 0.93 and a debt-to-equity ratio of 25.16. The firm has a market capitalization of C$8.92 billion and a P/E ratio of 69.07. The business has a fifty day simple moving average of C$79.26 and a two-hundred day simple moving average of C$87.69. Nuvei has a 12 month low of C$50.64 and a 12 month high of C$180.00.

About Nuvei (Get Rating)

Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. It provides a suite of payment solutions to support lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels.

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