Novae Group Plc’s (NVA) “Add” Rating Reiterated at Peel Hunt
Novae Group Plc (LON:NVA)‘s stock had its “add” rating restated by analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 920 ($12.01) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 20.18% from the stock’s previous close.
Other analysts also recently issued research reports about the stock. Canaccord Genuity dropped their price target on shares of 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. Macquarie raised their price target on shares of Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) opened at 764.50 on Monday. The company’s 50-day moving average is GBX 802.14 and its 200-day moving average is GBX 816.61. The company’s market cap is GBX 480.10 million. Novae Group Plc has a 12-month low of GBX 726.00 and a 12-month high of GBX 903.34.
The firm also recently disclosed a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 1st will be issued a GBX 7.50 ($0.10) dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Thursday, September 1st.
In other news, insider Fry,Charles bought 57 shares of the firm’s stock in a transaction on Monday, September 5th. The shares were bought at an average price of GBX 813 ($10.61) per share, for a total transaction of £463.41 ($604.89).
Novae Group Plc Company Profile
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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