Shore Capital Reiterates “Hold” Rating for Novae Group Plc (NVA)
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating restated by stock analysts at Shore Capital in a research note issued on Wednesday.
Several other analysts have also recently commented on NVA. Peel Hunt reiterated an “add” rating and issued a GBX 920 ($12.01) price objective on shares of Novae Group Plc in a research note on Tuesday, September 13th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 940 ($12.27) price objective on shares of Novae Group Plc in a research note on Thursday, June 16th. Finally, Macquarie raised their price objective on shares of Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) traded down 0.67% during trading on Wednesday, hitting GBX 809.50. 400,501 shares of the stock traded hands. The firm’s market cap is GBX 508.36 million. The company’s 50 day moving average is GBX 799.09 and its 200 day moving average is GBX 814.16. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34.
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The firm also recently announced a dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st were issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.95%.
In other Novae Group Plc news, insider Fry,Charles bought 57 shares of the company’s stock in a transaction on Monday, September 5th. The stock was purchased at an average cost of GBX 813 ($10.61) per share, for a total transaction of £463.41 ($604.89). Also, insider Reeken Patel bought 60 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average price of GBX 768 ($10.02) per share, with a total value of £460.80 ($601.49).
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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