Novae Group Plc (NVA) Given Consensus Recommendation of “Hold” by Analysts
Novae Group Plc (LON:NVA) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 682.60 ($9.01).
A number of equities research analysts recently issued reports on NVA shares. Shore Capital restated a “buy” rating on shares of Novae Group Plc in a research note on Thursday, July 6th. Peel Hunt restated a “hold” rating and issued a GBX 715 ($9.44) price objective on shares of Novae Group Plc in a research note on Thursday, September 7th.
Novae Group Plc (LON NVA) opened at 714.00 on Wednesday. Novae Group Plc has a 12-month low of GBX 490.32 and a 12-month high of GBX 850.00. The firm has a 50 day moving average of GBX 710.27 and a 200 day moving average of GBX 642.61. The firm’s market capitalization is GBX 452.68 million.
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In other news, insider Reeken Patel acquired 63 shares of the stock in a transaction that occurred on Monday, September 4th. The shares were acquired at an average cost of GBX 711 ($9.38) per share, for a total transaction of £447.93 ($591.09).
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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