Novae Group Plc (NVA) Given Buy Rating at Shore Capital
A number of other equities research analysts have also commented on the stock. Peel Hunt reissued a hold rating and set a GBX 665 ($8.60) price objective on shares of Novae Group Plc in a report on Thursday, August 24th. Numis Securities Ltd lowered shares of Novae Group Plc to a hold rating and set a GBX 650 ($8.41) price objective on the stock. in a report on Friday, May 12th. Macquarie decreased their price objective on shares of Novae Group Plc from GBX 729 ($9.43) to GBX 715 ($9.25) and set an outperform rating on the stock in a report on Friday, May 12th. Finally, Canaccord Genuity decreased their price objective on shares of Novae Group Plc from GBX 680 ($8.79) to GBX 635 ($8.21) and set a hold rating on the stock in a report on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Novae Group Plc presently has an average rating of Hold and a consensus target price of GBX 687.17 ($8.89).
Novae Group Plc (NVA) opened at 710.00 on Friday. The stock’s market capitalization is GBX 450.14 million. The company’s 50-day moving average is GBX 701.61 and its 200 day moving average is GBX 629.26. Novae Group Plc has a 12-month low of GBX 490.32 and a 12-month high of GBX 850.00.
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In other news, insider Reeken Patel purchased 81 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were acquired at an average cost of GBX 570 ($7.37) per share, for a total transaction of £461.70 ($597.13). Insiders purchased a total of 225 shares of company stock worth $134,847 over the last quarter.
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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