Novae Group Plc Stock Rating Reaffirmed by Westhouse Securities (NVA)
Novae Group Plc (LON:NVA) traded up 0.29% during mid-day trading on Friday, hitting GBX 527.50. The stock had a trading volume of 164 shares. Novae Group Plc has a 52 week low of GBX 485.00 and a 52 week high of GBX 665.00. The stock’s 50-day moving average is GBX 525.9 and its 200-day moving average is GBX 557.2. The company’s market cap is £336.5 million.
The company also recently announced a dividend, which is scheduled for Wednesday, October 1st. Stockholders 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.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Novae Group Plc in a research note on Tuesday, August 5th. They now have a GBX 585 ($9.81) 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, August 5th. They now have a GBX 573 ($9.61) 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, August 5th. They now have a GBX 645 ($10.82) 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 company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 588.60 ($9.87).
Novae Group plc is a holding company. The Company carries on insurance business and associated financial activities.
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