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.

Insider Buying and Selling by Quarter for Novae Group Plc (LON:NVA)

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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