Nuvei (TSE:NVEI – Get 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.
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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