Canaccord Genuity Group Forecasts Strong Price Appreciation for Enhanced Group (NYSE:ENHA) Stock

Enhanced Group (NYSE:ENHA – Get Free Report) had its target price increased by equities researchers at Canaccord Genuity Group from $5.00 to $17.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price objective suggests a potential upside of 80.56% from the stock’s current price.

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

Check Out Our Latest Analysis on ENHA

Enhanced Group Price Performance

NYSE:ENHA opened at $9.41 on Friday. Enhanced Group has a 52 week low of $9.22 and a 52 week high of $140.00. The company’s 50 day moving average price is $13.97. The stock has a market capitalization of $365.11 million, a PE ratio of -21.40 and a beta of -1.34.

About Enhanced Group

(Get Free Report)

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.

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