Novae Group Plc’s (NVA) “Hold” Rating Reiterated at Peel Hunt
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.
ILLEGAL ACTIVITY NOTICE: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/10/novae-group-plcs-nva-hold-rating-reiterated-at-peel-hunt.html.
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.
Receive News & Ratings for Novae Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novae Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.