Novae Group Plc’s (NVA) Hold Rating Reiterated at Shore Capital
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reaffirmed by analysts at Shore Capital in a research note issued on Wednesday.
A number of other brokerages have also commented on NVA. Peel Hunt reissued an “add” rating and set a GBX 920 ($12.01) price target on shares of Novae Group Plc in a research note on Monday. Macquarie increased their price target 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. Finally, Canaccord Genuity reissued a “buy” rating and set a GBX 940 ($12.27) price target on shares of Novae Group Plc in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 903.14 ($11.79).
Novae Group Plc (LON:NVA) opened at 811.00 on Wednesday. The stock has a 50 day moving average of GBX 800.07 and a 200-day moving average of GBX 814.92. Novae Group Plc has a 52 week low of GBX 726.00 and a 52 week high of GBX 903.34. The firm’s market cap is GBX 509.30 million.
The company also recently announced a dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 1st were paid a GBX 7.50 ($0.10) dividend. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.95%.
In other news, insider Reeken Patel bought 60 shares of Novae Group Plc stock in a transaction that occurred on Monday, October 3rd. The stock was bought at an average price of GBX 768 ($10.02) per share, for a total transaction of £460.80 ($601.49). Also, insider Fry,Charles bought 57 shares of Novae Group Plc stock in a transaction that occurred on Monday, September 5th. The stock was purchased at an average price of GBX 813 ($10.61) per share, with a total value 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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