NN Group (OTCMKTS:NNGRY) Reaches New 52-Week High – Should You Buy?

Shares of NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) hit a new 52-week high during trading on Thursday . The stock traded as high as $36.70 and last traded at $36.6260, with a volume of 14228 shares. The stock had previously closed at $36.33.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NNGRY shares. The Goldman Sachs Group reissued a “buy” rating on shares of NN Group in a report on Monday. Kepler Capital Markets upgraded NN Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 11th. UBS Group lowered NN Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods raised NN Group from a “hold” rating to a “moderate buy” rating in a research note on Monday, November 10th. Finally, Zacks Research raised NN Group to a “hold” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, NN Group presently has a consensus rating of “Hold”.

NN Group Price Performance

The company has a 50-day moving average of $35.01 and a 200 day moving average of $34.08.

NN Group Company Profile

NN Group N.V., a financial services company, provides life and non-life insurance products in the Netherlands and internationally. The company operates through Netherlands Life, Netherlands Non-life, Insurance Europe, Japan Life, Banking, and Other segments. It offers Life insurance products, such as group and individual pension products, retail life insurance, and SME life insurance products; and non-life insurance products, including motor, fire, liability, transport, travel, health, property and casualty, and disability and accident insurance products.