Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reissued by research analysts at Peel Hunt in a report released on Thursday. They currently have a GBX 715 ($9.23) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 1.27% from the company’s previous close.

Several other research firms have also weighed in on NVA. Shore Capital reaffirmed a “buy” rating and set a GBX 698 ($9.01) price objective on shares of Novae Group Plc in a report on Friday, August 25th. Canaccord Genuity dropped their price objective on shares of Novae Group Plc from GBX 680 ($8.78) to GBX 635 ($8.20) and set a “hold” rating for the company in a report on Wednesday, May 10th. Numis Securities Ltd lowered shares of Novae Group Plc to a “hold” rating and set a GBX 650 ($8.39) price objective for the company. in a report on Friday, May 12th. Finally, Macquarie dropped their price objective on shares of Novae Group Plc from GBX 729 ($9.41) to GBX 715 ($9.23) and set an “outperform” rating for the company in a report on Friday, May 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 695.50 ($8.98).

Shares of Novae Group Plc (NVA) traded up 0.14% during trading on Thursday, hitting GBX 706.00. The stock had a trading volume of 893,741 shares. Novae Group Plc has a one year low of GBX 490.32 and a one year high of GBX 850.00. The stock’s market cap is GBX 447.60 million. The stock’s 50-day moving average price is GBX 702.61 and its 200 day moving average price is GBX 633.39.

Novae Group Plc (LON:NVA) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.41. Novae Group Plc had a negative return on equity of 7.54% and a negative net margin of 3.35%. On average, equities analysts forecast that Novae Group Plc will post $21.44 EPS for the current year.

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In related news, insider Reeken Patel purchased 63 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was acquired at an average price of GBX 703 ($9.08) per share, with a total value of £442.89 ($571.99). In the last three months, insiders purchased 207 shares of company stock valued at $135,252.

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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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