Canaccord Genuity Group Lowers Enhanced Group (NYSE:ENHA) Price Target to $5.00

Enhanced Group (NYSE:ENHA) had its price objective cut by Canaccord Genuity Group from $6.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 157.07% from the stock’s previous close.

ENHA has been the topic of a number of other reports. Wall Street Zen lowered shares of Enhanced Group to a “strong sell” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Enhanced Group from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Enhanced Group currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Enhanced Group Stock Down 0.8%

ENHA opened at $1.95 on Monday. The business’s 50-day moving average is $3.03. Enhanced Group has a 52-week low of $1.65 and a 52-week high of $14.00.

Enhanced Group (NYSE:ENHA) last announced its earnings results on Friday, August 14th. The company reported ($0.53) earnings per share (EPS) for the quarter.

About Enhanced Group

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.