Novae Group Plc (NVA) Receives Buy Rating from Canaccord Genuity
Canaccord Genuity restated their buy rating on shares of Novae Group Plc (LON:NVA) in a research report released on Monday. Canaccord Genuity currently has a GBX 900 ($11.14) price objective on the stock.
Several other research firms also recently issued reports on NVA. Peel Hunt reaffirmed an add rating and issued a GBX 950 ($11.76) price objective on shares of Novae Group Plc in a research note on Friday, June 24th. Shore Capital reaffirmed a hold rating on shares of Novae Group Plc in a research note on Wednesday, October 5th. Finally, Macquarie upped their price objective on Novae Group Plc from GBX 905 ($11.20) to GBX 907 ($11.23) and gave the company an outperform rating in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Novae Group Plc currently has an average rating of Buy and a consensus target price of GBX 903.14 ($11.18).
Novae Group Plc (LON:NVA) opened at 811.00 on Monday. The company’s market cap is GBX 509.30 million. The company’s 50-day moving average is GBX 797.89 and its 200 day moving average is GBX 812.61. Novae Group Plc has a 1-year low of GBX 726.00 and a 1-year high of GBX 903.34.
The business also recently disclosed a dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st were given a dividend of GBX 7.50 ($0.09) per share. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, September 1st.
In related news, insider Fry,Charles acquired 57 shares of Novae Group Plc stock in a transaction dated Monday, September 5th. The stock was bought at an average price of GBX 813 ($10.06) per share, with a total value of £463.41 ($573.53). Also, insider Reeken Patel acquired 60 shares of Novae Group Plc stock in a transaction dated Monday, October 3rd. The shares were bought at an average cost of GBX 768 ($9.50) per share, with a total value of £460.80 ($570.30).
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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