Novae Group Plc (NVA) Given “Add” Rating at Peel Hunt
Several other equities research analysts also recently commented on NVA. Shore Capital reissued a hold rating on shares of Novae Group Plc in a report on Wednesday, October 5th. Canaccord Genuity reissued a buy rating and issued a GBX 900 ($10.94) price objective on shares of Novae Group Plc in a report on Monday, October 10th. Numis Securities Ltd raised Novae Group Plc to a buy rating and set a GBX 970 ($11.80) price objective for the company in a report on Thursday, November 17th. Finally, Macquarie reissued an outperform rating and issued a GBX 736 ($8.95) price objective on shares of Novae Group Plc in a report on Friday, December 16th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 859.20 ($10.45).
Shares of Novae Group Plc (LON:NVA) remained flat at GBX 663.50 during midday trading on Tuesday. 73,503 shares of the company’s stock traded hands. The company’s 50-day moving average is GBX 733.61 and its 200 day moving average is GBX 780.69. Novae Group Plc has a 12 month low of GBX 606.00 and a 12 month high of GBX 903.16. The stock’s market capitalization is GBX 416.67 million.
In other Novae Group Plc news, insider Matthew K. Fosh purchased 57 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of GBX 784 ($9.53) per share, with a total value of £446.88 ($543.45). Also, insider Matthew K. Fosh purchased 8,000 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were acquired at an average cost of GBX 677 ($8.23) per share, with a total value of £54,160 ($65,864.04).
Novae Group Plc Company Profile
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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