Novae Group Plc (LON:NVA) Receives Consensus Recommendation of “Buy” from Analysts
Shares of Novae Group Plc (LON:NVA) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 945.33 ($12.34).
A number of equities analysts recently issued reports on NVA shares. Peel Hunt cut their target price on Novae Group Plc from GBX 950 ($12.40) to GBX 920 ($12.01) and set an “add” rating on the stock in a report on Monday, August 1st. Canaccord Genuity cut their target price on Novae Group Plc from GBX 940 ($12.27) to GBX 900 ($11.75) and set a “buy” rating on the stock in a report on Wednesday, August 3rd. Finally, Macquarie increased their target price on Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the stock an “outperform” rating in a report on Friday, August 5th.
In related news, insider Fry,Charles acquired 57 shares of the company’s stock in a transaction on Monday, September 5th. The shares were acquired at an average cost of GBX 813 ($10.61) per share, for a total transaction of £463.41 ($604.89).
Novae Group Plc (LON:NVA) traded up 2.02% during trading on Monday, hitting GBX 781.00. 371,818 shares of the company’s stock traded hands. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34. The company’s market cap is GBX 490.46 million. The company’s 50 day moving average price is GBX 802.14 and its 200 day moving average price is GBX 816.61.
The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st will be paid a dividend of GBX 7.50 ($0.10) per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 1st.
About Novae Group Plc
Novae Group plc is a United Kingdom-based holding company. The Company is engaged in a diversified property and casualty (re)insurance business. The Company operates in three segments: Property; Casualty, and Marine, Aviation & Political Risk (MAP). The Property segment comprises approximately 10 underwriting units.
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