Novae Group Plc’s (NVA) “Add” Rating Reiterated at Peel Hunt
Novae Group Plc (LON:NVA)‘s stock had its “add” rating reiterated by equities research analysts at Peel Hunt in a research report issued on Monday. They presently have a GBX 920 ($12.01) price target on the stock. Peel Hunt’s price objective suggests a potential upside of 20.18% from the company’s current price.
NVA has been the topic of several other research reports. Macquarie upped their price objective on shares of Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the company an “outperform” rating in a report on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 940 ($12.27) target price on shares of Novae Group Plc in a research report on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Novae Group Plc presently has an average rating of “Buy” and a consensus price target of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) opened at 764.50 on Monday. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34. The stock’s 50 day moving average is GBX 802.14 and its 200 day moving average is GBX 816.61. The company’s market cap is GBX 480.10 million.
The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st will be given a GBX 7.50 ($0.10) dividend. The ex-dividend date is Thursday, September 1st. This represents a yield of 0.95%.
In related news, insider Fry,Charles acquired 57 shares of the stock in a transaction on Monday, September 5th. The shares were acquired at an average price of GBX 813 ($10.61) per share, for a total transaction of £463.41 ($604.89).
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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