Conviviality Plc (LON:CVR) had its price objective hoisted by equities researchers at N+1 Singer from GBX 350 ($4.60) to GBX 440 ($5.79) in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. N+1 Singer’s price objective suggests a potential upside of 11.53% from the company’s previous close.

Separately, Shore Capital reiterated a “buy” rating on shares of Conviviality Plc in a research report on Tuesday, November 7th.

Shares of Conviviality Plc (LON:CVR) traded up GBX 2.75 ($0.04) during midday trading on Wednesday, hitting GBX 397.50 ($5.23). 192,939 shares of the stock were exchanged, compared to its average volume of 474,356. Conviviality Plc has a 1 year low of GBX 197.25 ($2.59) and a 1 year high of GBX 431.75 ($5.68).

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Conviviality Plc Company Profile

Conviviality Plc is a wholesaler and distributor of alcohol and impulse products serving consumers through its franchised retail outlets or through hospitality and food service. The Company’s activities consist of the wholesale and retail distribution of beers, wines, spirits, tobacco, grocery and confectionery within the United Kingdom to both the on-trade and off-trade market.

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