Westhouse Securities Reiterates Add Rating for Novae Group Plc (NVA)
Novae Group Plc (LON:NVA)‘s stock had its “add” rating reaffirmed by investment analysts at Westhouse Securities in a note issued to investors on Friday. They currently have a GBX 620 ($10.61) target price on the stock. Westhouse Securities’ price target would suggest a potential upside of 19.46% from the stock’s previous close.
A number of other firms have also recently commented on NVA. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Novae Group Plc in a research note on Wednesday, July 2nd. They now have a GBX 645 ($11.04) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Novae Group Plc from GBX 575 ($9.84) to GBX 585 ($10.02) in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 593.83 ($10.17).
Novae Group Plc (LON:NVA) traded down 1.07% during mid-day trading on Friday, hitting GBX 509.50. 7,472 shares of the company’s stock traded hands. Novae Group Plc has a 52 week low of GBX 472.75 and a 52 week high of GBX 665.00. The stock’s 50-day moving average is GBX 538. and its 200-day moving average is GBX 569.8. The company’s market cap is £320.5 million.
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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