Novae Group Plc (NVA) Rating Reiterated by Shore Capital
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating restated by analysts at Shore Capital in a note issued to investors on Wednesday.
Several other brokerages also recently issued reports on NVA. Peel Hunt reissued an “add” rating and set a GBX 920 ($11.40) price target on shares of Novae Group Plc in a report on Tuesday, September 13th. Canaccord Genuity reduced their price target on shares of Novae Group Plc from GBX 940 ($11.64) to GBX 900 ($11.15) and set a “buy” rating for the company in a report on Wednesday, August 3rd. Finally, Macquarie boosted their price target on shares of Novae Group Plc from GBX 905 ($11.21) to GBX 907 ($11.23) and gave the company an “outperform” rating in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 945.33 ($11.71).
Novae Group Plc (LON:NVA) opened at 801.94 on Wednesday. The stock has a 50 day moving average of GBX 799.62 and a 200-day moving average of GBX 804.07. The stock’s market cap is GBX 503.61 million. Novae Group Plc has a one year low of GBX 726.00 and a one year high of GBX 903.16.
In other Novae Group Plc news, insider Fry,Charles purchased 57 shares of the business’s stock in a transaction on Monday, September 5th. The stock was bought at an average cost of GBX 813 ($10.07) per share, with a total value of £463.41 ($574.02). Also, insider Reeken Patel purchased 60 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 768 ($9.51) per share, with a total value of £460.80 ($570.79).
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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