Novae Group Plc (LON:NVA) Receives Average Rating of “Hold” from Analysts
Shares of Novae Group Plc (LON:NVA) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 666.25 ($8.70).
NVA has been the subject of a number of recent research reports. Peel Hunt reaffirmed an “add” rating and issued a GBX 665 ($8.68) target price on shares of Novae Group Plc in a report on Monday, July 17th. Macquarie reaffirmed an “outperform” rating and issued a GBX 729 ($9.52) target price on shares of Novae Group Plc in a report on Tuesday, April 4th. Shore Capital reaffirmed a “buy” rating on shares of Novae Group Plc in a report on Wednesday, May 10th. Stockdale Securities reaffirmed an “add” rating on shares of Novae Group Plc in a report on Tuesday, April 18th. Finally, Canaccord Genuity lowered their target price on Novae Group Plc from GBX 680 ($8.88) to GBX 635 ($8.29) and set a “hold” rating for the company in a report on Wednesday, May 10th.
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In related news, insider Reeken Patel purchased 81 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was bought at an average price of GBX 548 ($7.16) per share, with a total value of £443.88 ($579.63). In the last three months, insiders bought 234 shares of company stock valued at $135,054.
Novae Group Plc (NVA) opened at 702.50 on Monday. Novae Group Plc has a 52 week low of GBX 490.32 and a 52 week high of GBX 850.00. The company has a 50 day moving average price of GBX 598.34 and a 200-day moving average price of GBX 620.33. The firm’s market capitalization is GBX 438.84 million.
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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