Citi Starts Endava PLC (ADR) (DAVA) at Neutral

Citi analyst Ashwin Shirvaikar initiates coverage on Endava PLC (ADR) (NYSE: DAVA) with a Neutral rating and a price target of $30.00.

The analyst likes the company but feels the equity is a bit "pricey." Shirvaikar believes the valuation is full given it has appreciated nearly 40% since its IPO and believes the current premium valuation relative to GLOB and EPAM even though the financial metrics are very similar.

For an analyst ratings summary and ratings history on Endava PLC (ADR) click here. For more ratings news on Endava PLC (ADR) click here.

Shares of Endava PLC (ADR) closed at $27.49 yesterday.

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