Enhanced Group (NYSE:ENHA) Given New $17.00 Price Target at Canaccord Genuity Group

Enhanced Group (NYSE:ENHA) had its price objective hoisted by research analysts at Canaccord Genuity Group from $5.00 to $17.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s target price would indicate a potential upside of 80.56% from the stock’s previous close.

Several other brokerages have also weighed in on ENHA. Wall Street Zen lowered shares of Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. Cantor Fitzgerald assumed coverage on shares of Enhanced Group in a research report on Wednesday, September 23rd. They issued an “overweight” rating and a $40.00 price objective for the company. Finally, Weiss Ratings upgraded Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $28.50.

Enhanced Group Trading Down 0.2%

Shares of ENHA opened at $9.41 on Friday. The business’s fifty day simple moving average is $13.97. Enhanced Group has a 12 month low of $9.22 and a 12 month high of $140.00. The firm has a market cap of $365.11 million, a price-to-earnings ratio of -21.40 and a beta of -1.34.

Enhanced Group Company Profile

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.