Westhouse Securities Reiterates Add Rating for Novae Group Plc (NVA)
Novae Group Plc (LON:NVA)‘s stock had its “add” rating reiterated by equities researchers at Westhouse Securities in a research report issued on Thursday. They currently have a GBX 620 ($10.43) price objective on the stock. Westhouse Securities’ target price suggests a potential upside of 18.10% from the company’s current price.
Shares of Novae Group Plc (LON:NVA) traded up 0.86% during mid-day trading on Thursday, hitting GBX 525.00. 98,622 shares of the company’s stock traded hands. Novae Group Plc has a 52-week low of GBX 480.00 and a 52-week high of GBX 665.00. The stock has a 50-day moving average of GBX 526.1 and a 200-day moving average of GBX 559.0. The company’s market cap is £330.2 million.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 6.60 ($0.11) per share. This represents a dividend yield of 1.26%. The ex-dividend date is Wednesday, September 3rd.
A number of other analysts have also recently weighed in on NVA. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Novae Group Plc in a research note on Tuesday. They now have a GBX 585 ($9.84) price target on the stock. Separately, analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Novae Group Plc in a research note on Tuesday. They now have a GBX 573 ($9.64) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Novae Group Plc in a research note on Tuesday. They now have a GBX 645 ($10.85) price target on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 593.83 ($9.99).
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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