Novae Group Rating Reiterated by Canaccord Genuity (NVA)
Novae Group (LON:NVA)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity in a report issued on Friday, Analyst RN reports. They currently have a GBX 645 ($10.63) price target on the stock. Canaccord Genuity’s price target points to a potential upside of 12.96% from the company’s current price.
Novae Group (LON:NVA) traded up 0.62% on Friday, hitting GBX 571.00. The stock had a trading volume of 15,441 shares. Novae Group has a 52 week low of GBX 415.00 and a 52 week high of GBX 665.00. The stock’s 50-day moving average is GBX 599.8 and its 200-day moving average is GBX 543.. The company’s market cap is £359.2 million.
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 Thursday. Separately, analysts at Espirito Santo Investment Bank Research downgraded shares of Novae Group to a “neutral” rating in a research note to investors on Thursday, January 16th. They now have a GBX 573 ($9.44) price target on the stock, up previously from GBX 439 ($7.23). One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 557 ($9.18).
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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