NN Group (OTCMKTS:NNGRY) Shares Up 0.5% – Still a Buy?

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) shares were up 0.5% on Wednesday. The stock traded as high as $43.16 and last traded at $43.02. Approximately 28,908 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 40,719 shares. The stock had previously closed at $42.81.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NNGRY. Citigroup reiterated a “neutral” rating on shares of NN Group in a report on Tuesday, September 1st. Zacks Research upgraded NN Group to a “hold” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

NN Group Trading Up 0.5%

The company’s 50-day moving average is $44.59 and its 200 day moving average is $43.98.

About NN Group

NN Group N.V. is a Netherlands-based financial services company that provides insurance, retirement, investment and banking-related products to individuals, businesses and institutional customers. Its activities include life and protection insurance, property and casualty insurance, pensions, retirement solutions, mortgages and other financial services.

The company operates primarily through the Nationale-Nederlanden and NN brands. Its insurance and retirement operations serve customers in the Netherlands and selected European markets, while its investment management business provides asset-management services to institutional and individual investors.