Shares of Endava plc, a technology services provider, have received a consensus recommendation of “Moderate Buy” from ten research firms currently covering the company, according to Marketbeat Ratings. Out of the ten analysts, three have rated the stock as a hold, while seven have assigned a buy recommendation. The average twelve-month price target among these brokerages is $47.01.
Several brokerages have recently issued reports on Endava. Wedbush lowered their price objective on the stock from $65.00 to $50.00 and maintained an “outperform” rating. JPMorgan Chase & Co. increased their price objective from $41.00 to $47.00 and gave the company an “overweight” rating. TD Cowen also reduced their price objective from $46.00 to $42.00 and maintained a “buy” rating. Needham & Company LLC lowered their price objective from $50.00 to $42.00 and maintained a “buy” rating. Guggenheim also reduced their price objective from $60.00 to $55.00 and maintained a “buy” rating.
Endava’s stock opened at $30.43 on the New York Stock Exchange (NYSE) on Friday. The company has a fifty-day moving average of $30.41 and a 200-day moving average of $32.38. Its 52-week low stands at $24.51, while the 52-week high was recorded at $81.06. With a market capitalization of $1.76 billion, Endava has a price-to-earnings ratio of 33.81 and a beta of 1.22.
Endava provides technology services to clients in various industries, including consumer products, healthcare, mobility, and retail. The company offers a range of services, such as business analysis, data analytics, program management, digital product strategy, IT strategy, and machine learning and artificial intelligence.