Westhouse Securities Reiterates “Neutral” Rating for Novae Group (NVA)
Novae Group (LON:NVA)‘s stock had its “neutral” rating reiterated by investment analysts at Westhouse Securities in a note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 500 ($8.09) price objective on the stock. Westhouse Securities’ target price would suggest a potential downside of 9.17% from the company’s current price.
Shares of Novae Group (LON:NVA) opened at 550.50 on Wednesday. Novae Group has a 1-year low of GBX 343.00 and a 1-year high of GBX 552.50. The stock’s 50-day moving average is GBX 510.1 and its 200-day moving average is GBX 489.3. The company’s market cap is £346.3 million.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Novae Group in a research note to investors on Tuesday, October 8th. They now have a GBX 520 ($8.41) price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 472.25 ($7.64).
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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