Novae Group Plc (NVA) Earns Buy Rating from Canaccord Genuity
Other equities research analysts have also recently issued reports about the stock. Peel Hunt reiterated an add rating and set a GBX 920 ($11.40) price target on shares of Novae Group Plc in a research report on Monday, October 3rd. Shore Capital reiterated a hold rating on shares of Novae Group Plc in a research report on Wednesday, November 9th. Finally, Macquarie lifted 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 research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 906.40 ($11.23).
Novae Group Plc (LON:NVA) opened at 797.00 on Wednesday. The company’s 50 day moving average is GBX 800.09 and its 200 day moving average is GBX 804.04. Novae Group Plc has a 1-year low of GBX 726.00 and a 1-year high of GBX 903.16. The company’s market cap is GBX 500.51 million.
In other news, insider Fry,Charles purchased 57 shares of the firm’s stock in a transaction that occurred on Monday, September 5th. The stock was bought at an average price of GBX 813 ($10.07) per share, for a total transaction of £463.41 ($574.02). Also, insider Reeken Patel purchased 60 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was purchased at an average price of GBX 768 ($9.51) per share, with a total value of £460.80 ($570.79).
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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