Nuvei (TSE:NVEI – Get Rating) had its target price cut by Cowen from C$143.00 to C$87.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other analysts have also recently commented on the company. Sumitomo Mitsui Financial Group lifted their price target on Nuvei to C$90.00 and gave the company a hold rating in a report on Tuesday, March 29th. Cowen lowered their price target on Nuvei from C$169.00 to C$143.00 and set a buy rating for the company in a report on Friday, January 21st. Finally, JPMorgan Chase & Co. assumed coverage on Nuvei in a report on Friday, March 11th. They issued a buy rating and a C$65.00 price target for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Buy and an average price target of C$94.67.
NVEI opened at C$62.44 on Wednesday. The company has a debt-to-equity ratio of 25.16, a current ratio of 1.78 and a quick ratio of 0.93. The stock has a market capitalization of C$8.92 billion and a price-to-earnings ratio of 69.07. The business has a 50-day moving average of C$79.26 and a two-hundred day 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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