Novae Group Plc (NVA) Given “Add” Rating at Peel Hunt
Other analysts have also issued reports about the stock. Canaccord Genuity reduced their price target on shares of Novae Group Plc from GBX 940 ($12.52) to GBX 900 ($11.99) and set a buy rating for the company in a research report on Wednesday, August 3rd. Macquarie increased their price target on shares of Novae Group Plc from GBX 905 ($12.05) to GBX 907 ($12.08) and gave the stock an outperform rating in a research report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 903.14 ($12.03).
Shares of Novae Group Plc (LON:NVA) opened at 790.50 on Tuesday. The company has a 50-day moving average of GBX 812.32 and a 200 day moving average of GBX 820.26. Novae Group Plc has a 12-month low of GBX 726.00 and a 12-month high of GBX 905.00. The firm’s market capitalization is GBX 496.43 million.
The business also recently declared a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st will be issued a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date is Thursday, September 1st. This represents a yield of 0.95%.
In related news, insider Fry,Charles purchased 57 shares of the stock in a transaction on Monday, July 4th. The shares were bought at an average price of GBX 773 ($10.30) per share, for a total transaction of £440.61 ($586.85).
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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