Enhanced Group (NYSE:ENHA) Stock Price Target Raised at Canaccord Genuity Group

Enhanced Group (NYSE:ENHA) had its target price hoisted by Canaccord Genuity Group from $5.00 to $17.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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. Cantor Fitzgerald initiated coverage on Enhanced Group in a research report on Wednesday, September 23rd. They issued an “overweight” rating and a $40.00 price target for the company. Finally, Weiss Ratings upgraded shares of Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. Two equities research 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 an average rating of “Hold” and an average price target of $28.50.

Enhanced Group Stock Down 0.2%

NYSE:ENHA opened at $9.41 on Friday. The stock has a 50-day simple moving average of $13.97. The stock has a market cap of $365.11 million, a P/E ratio of -21.40 and a beta of -1.34. Enhanced Group has a 1-year low of $9.22 and a 1-year high of $140.00.

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.