Novae Group Plc (NVA) Earns “Add” Rating from Peel Hunt
Novae Group Plc (LON:NVA)‘s stock had its “add” rating restated by analysts at Peel Hunt in a research note issued on Thursday. They presently have a GBX 920 ($12.01) price target on the stock. Peel Hunt’s price target would indicate a potential upside of 17.72% from the company’s previous close.
NVA has been the topic of a number of other reports. Canaccord Genuity dropped their price target on Novae Group Plc from GBX 940 ($12.27) to GBX 900 ($11.75) and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Macquarie raised their target price on Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) opened at 783.00 on Thursday. Novae Group Plc has a 12 month low of GBX 726.00 and a 12 month high of GBX 903.34. The stock’s market capitalization is GBX 491.72 million. The stock has a 50 day moving average price of GBX 810.72 and a 200 day moving average price of GBX 820.06.
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The company also recently declared a dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st will be given a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 0.95%. The ex-dividend date is Thursday, September 1st.
In other news, insider Fry,Charles purchased 57 shares of the stock in a transaction dated Monday, July 4th. The shares were bought at an average cost of GBX 773 ($10.09) per share, for a total transaction of £440.61 ($575.13).
About Novae Group Plc
Novae Group plc is a United Kingdom-based holding company. The Company is engaged in a diversified property and casualty (re)insurance business. The Company operates in three segments: Property; Casualty, and Marine, Aviation & Political Risk (MAP). The Property segment comprises approximately 10 underwriting units.
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