Endava PLC – (DAVA) Receives Consensus Rating of “Hold” from Brokerages

Endava PLC – (NYSE:DAVA) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $27.80.

DAVA has been the subject of several recent research reports. Credit Suisse Group initiated coverage on shares of Endava in a report on Tuesday, August 21st. They set a “neutral” rating and a $27.00 target price for the company. William Blair initiated coverage on shares of Endava in a report on Tuesday, August 21st. They set an “outperform” rating for the company. Zacks Investment Research lowered shares of Endava from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Citigroup cut their target price on shares of Endava from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, October 12th. Finally, Deutsche Bank initiated coverage on shares of Endava in a report on Wednesday, August 22nd. They set a “hold” rating and a $29.00 target price for the company.

NYSE:DAVA opened at $24.35 on Monday. Endava has a 1-year low of $21.13 and a 1-year high of $31.50.

A hedge fund recently bought a new stake in Endava stock. Wells Fargo & Company MN bought a new stake in shares of Endava PLC – (NYSE:DAVA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 210,179 shares of the company’s stock, valued at approximately $5,996,000. Wells Fargo & Company MN owned approximately 0.40% of Endava at the end of the most recent reporting period. Institutional investors own 1.48% of the company’s stock.

Endava Company Profile

Endava plc provides IT service to finance, insurance and healthcare, retail and consumer goods, telecommunications, media, and technology industries in the United Kingdom. It offers architecture solutions; AI and Intelligent Automation, bots and natural language interfaces, and Robotic Process Automation; software engineering; testing solutions; cloud services; and application management services.

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Analyst Recommendations for Endava (NYSE:DAVA)

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