Nuvei (TSE:NVEI) Price Target Lowered to C$87.00 at Cowen

Nuvei (TSE:NVEIGet 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.

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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