Canaccord Genuity Reiterates Buy Rating for Novae Group (NVA)
Novae Group (LON:NVA)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Tuesday, AmericanBankingNews.com reports. They currently have a GBX 520 ($8.34) target price on the stock. Canaccord Genuity’s target price would suggest a potential upside of 1.36% from the company’s current price.
NVA has been the subject of a number of other recent research reports. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of Novae Group in a research note to investors on Tuesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 463 ($7.43).
Novae Group (LON:NVA) traded up 0.59% on Tuesday, hitting GBX 513.00. The stock had a trading volume of 16,129 shares. Novae Group has a one year low of GBX 343.00 and a one year high of GBX 520.50. The stock’s 50-day moving average is GBX 503.6 and its 200-day moving average is GBX 482.7. The company’s market cap is £322.7 million.
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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