Novae Group Plc (LON:NVA) Rating Reiterated by Peel Hunt
NVA has been the topic of several other reports. Macquarie cut their target price on shares of Novae Group Plc from GBX 729 ($9.44) to GBX 715 ($9.26) and set an outperform rating on the stock in a research note on Friday, May 12th. Shore Capital reaffirmed a buy rating on shares of Novae Group Plc in a research note on Thursday, March 9th. Stockdale Securities reaffirmed an add rating on shares of Novae Group Plc in a research note on Thursday, April 27th. Numis Securities Ltd downgraded shares of Novae Group Plc to a hold rating and set a GBX 650 ($8.42) target price on the stock. in a research note on Friday, May 12th. Finally, Canaccord Genuity cut their target price on shares of Novae Group Plc from GBX 680 ($8.81) to GBX 635 ($8.23) and set a hold rating on the stock in a research note on Wednesday, May 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 685 ($8.87).
Novae Group Plc (LON:NVA) opened at 705.00 on Monday. The company’s 50-day moving average price is GBX 552.57 and its 200-day moving average price is GBX 620.03. The stock’s market cap is GBX 440.40 million. Novae Group Plc has a one year low of GBX 490.32 and a one year high of GBX 850.00.
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In related news, insider Reeken Patel bought 81 shares of the stock in a transaction dated Monday, June 5th. The stock was acquired at an average price of GBX 548 ($7.10) per share, for a total transaction of £443.88 ($574.97). In the last 90 days, insiders bought 234 shares of company stock valued at $135,054.
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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