Novae Group Plc (NVA) Stock Rating Reaffirmed by Peel Hunt
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reaffirmed by analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 715 ($9.25) target price on the stock. Peel Hunt’s price objective would suggest a potential upside of 0.78% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the company. Shore Capital restated a “buy” rating and set a GBX 698 ($9.03) price target on shares of Novae Group Plc in a research report on Friday, August 25th. Numis Securities Ltd downgraded Novae Group Plc to a “hold” rating and set a GBX 650 ($8.41) price target on the stock. in a research report on Friday, May 12th. Macquarie lowered their price target on Novae Group Plc from GBX 729 ($9.43) to GBX 715 ($9.25) and set an “outperform” rating on the stock in a research report on Friday, May 12th. Finally, Canaccord Genuity lowered their price target on Novae Group Plc from GBX 680 ($8.79) to GBX 635 ($8.21) and set a “hold” rating on the stock in a research report on Wednesday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 695.50 ($9.00).
Shares of Novae Group Plc (LON:NVA) opened at 710.00 on Wednesday. Novae Group Plc has a 52-week low of GBX 490.32 and a 52-week high of GBX 850.00. The company’s market cap is GBX 450.14 million. The firm has a 50 day moving average price of GBX 701.61 and a 200-day moving average price of GBX 629.26.
WARNING: “Novae Group Plc (NVA) Stock Rating Reaffirmed by Peel Hunt” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/09/01/novae-group-plc-nva-stock-rating-reaffirmed-by-peel-hunt.html.
In related news, insider Reeken Patel acquired 81 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were purchased at an average price of GBX 570 ($7.37) per share, for a total transaction of £461.70 ($597.13). In the last quarter, insiders bought 225 shares of company stock worth $134,847.
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.
Receive News & Stock Ratings for Novae Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novae Group Plc and related stocks with our FREE daily email newsletter.