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.

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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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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