Novae Group Plc’s (NVA) “Add” Rating Reiterated at Peel Hunt
Several other equities research analysts have also recently weighed in on NVA. Macquarie upped their price target on shares of Novae Group Plc from GBX 905 ($11.21) to GBX 907 ($11.23) and gave the stock an outperform rating in a research report on Friday, August 5th. Canaccord Genuity reduced their price objective 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 research note on Wednesday, August 3rd. Finally, Shore Capital reiterated a hold rating on shares of Novae Group Plc in a research note on Wednesday, October 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of GBX 906.40 ($11.23).
Novae Group Plc (LON:NVA) opened at 797.00 on Wednesday. Novae Group Plc has a 52 week low of GBX 726.00 and a 52 week high of GBX 903.16. The stock’s market cap is GBX 500.51 million. The stock’s 50 day moving average is GBX 800.09 and its 200 day moving average is GBX 804.04.
In related news, insider Reeken Patel purchased 60 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of GBX 768 ($9.51) per share, for a total transaction of £460.80 ($570.79). Also, insider Fry,Charles purchased 57 shares of the business’s stock in a transaction on Monday, September 5th. The shares were bought at an average price of GBX 813 ($10.07) per share, for a total transaction of £463.41 ($574.02).
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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