Peel Hunt Reiterates Hold Rating for Novae Group Plc (NVA)
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reiterated by equities research analysts at Peel Hunt in a research report issued to clients and investors on Thursday. They currently have a GBX 715 ($9.23) price target on the stock. Peel Hunt’s target price points to a potential upside of 1.27% from the company’s previous close.
A number of other equities analysts have also weighed in on NVA. Shore Capital reissued a “buy” rating and set a GBX 698 ($9.01) price objective on shares of Novae Group Plc in a research note on Friday, August 25th. Canaccord Genuity decreased their price target on Novae Group Plc from GBX 680 ($8.78) to GBX 635 ($8.20) and set a “hold” rating on the stock in a research note on Wednesday, May 10th. Macquarie decreased their price target on Novae Group Plc from GBX 729 ($9.41) to GBX 715 ($9.23) and set an “outperform” rating on the stock in a research note on Friday, May 12th. Finally, Numis Securities Ltd lowered Novae Group Plc to a “hold” rating and set a GBX 650 ($8.39) price target on the stock. in a research note on Friday, May 12th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 695.50 ($8.98).
Shares of Novae Group Plc (LON NVA) opened at 706.00 on Thursday. Novae Group Plc has a 12-month low of GBX 490.32 and a 12-month high of GBX 850.00. The stock’s market cap is GBX 447.60 million. The company’s 50-day moving average price is GBX 702.61 and its 200 day moving average price is GBX 633.39.
ILLEGAL ACTIVITY WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/09/peel-hunt-reiterates-hold-rating-for-novae-group-plc-nva.html.
In other Novae Group Plc news, insider Reeken Patel purchased 81 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were acquired at an average price of GBX 570 ($7.36) per share, with a total value of £461.70 ($596.28). In the last ninety days, insiders bought 207 shares of company stock worth $135,252.
Novae Group Plc Company Profile
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.