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.

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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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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