Novae Group Plc (NVA) Upgraded to Buy by Numis Securities Ltd
Other equities research analysts also recently issued research reports about the company. Shore Capital reissued a hold rating on shares of Novae Group Plc in a research report on Wednesday, November 9th. Canaccord Genuity reissued a buy rating and set a GBX 900 ($11.24) price target on shares of Novae Group Plc in a research report on Wednesday, November 9th. Peel Hunt reissued an add rating and set a GBX 920 ($11.49) price target on shares of Novae Group Plc in a research report on Wednesday, November 9th. Finally, Macquarie increased their price target on Novae Group Plc from GBX 905 ($11.31) to GBX 907 ($11.33) and gave the stock an outperform rating in a research report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Novae Group Plc currently has a consensus rating of Buy and an average price target of GBX 934.40 ($11.67).
Novae Group Plc (LON:NVA) traded up 3.56% during midday trading on Thursday, hitting GBX 799.50. The stock had a trading volume of 277,471 shares. The company’s market capitalization is GBX 502.08 million. The company’s 50-day moving average price is GBX 801.46 and its 200 day moving average price is GBX 803.33. Novae Group Plc has a 52 week low of GBX 726.00 and a 52 week high of GBX 903.16.
In related news, insider Fry,Charles bought 57 shares of the stock in a transaction that occurred on Monday, September 5th. The stock was acquired at an average cost of GBX 813 ($10.16) per share, with a total value of £463.41 ($578.97). Also, insider Reeken Patel bought 60 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were bought at an average cost of GBX 768 ($9.60) per share, with a total value of £460.80 ($575.71).
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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