Novae Group Plc (NVA) Insider Reeken Patel Purchases 60 Shares
Novae Group Plc (LON:NVA) insider Reeken Patel purchased 60 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was bought at an average cost of GBX 768 ($10.02) per share, for a total transaction of £460.80 ($601.49).
Novae Group Plc (LON:NVA) traded up 3.59% during midday trading on Tuesday, reaching GBX 809.00. The company had a trading volume of 117,748 shares. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34. The company’s 50-day moving average is GBX 800.12 and its 200 day moving average is GBX 815.44. The company’s market cap is GBX 508.04 million.
The business also recently announced a dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st were paid a GBX 7.50 ($0.10) dividend. This represents a yield of 0.95%. The ex-dividend date was Thursday, September 1st.
NVA has been the topic of several research analyst reports. Peel Hunt reaffirmed an “add” rating and set a GBX 920 ($12.01) target price on shares of Novae Group Plc in a research note on Monday. Canaccord Genuity lowered 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 research note on Wednesday, August 3rd. Finally, Macquarie lifted their target price on Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 903.14 ($11.79).
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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