Peel Hunt reiterated their add rating on shares of Novae Group Plc (LON:NVA) in a report published on Tuesday. The brokerage currently has a GBX 920 ($12.25) target price on the stock.

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.

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 Analyst Ratings Network's FREE daily email newsletter.