Novae Group Plc (NVA) Earns “Hold” Rating from Shore Capital
Several other equities analysts also recently issued reports on NVA. Peel Hunt reaffirmed an add rating and set a GBX 920 ($12.01) price target on shares of Novae Group Plc in a research note on Tuesday, September 13th. Canaccord Genuity reaffirmed a buy rating and set a GBX 940 ($12.27) price target on shares of Novae Group Plc in a research note on Thursday, June 16th. Finally, Macquarie raised their price target 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 research note on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Novae Group Plc currently has an average rating of Buy and a consensus target price of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) opened at 800.00 on Wednesday. The company’s market capitalization is GBX 502.39 million. The firm’s 50-day moving average is GBX 799.09 and its 200 day moving average is GBX 814.16. Novae Group Plc has a 12 month low of GBX 726.00 and a 12 month high of GBX 903.34.
The business also recently declared a dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st were issued a GBX 7.50 ($0.10) dividend. This represents a yield of 0.95%. The ex-dividend date was Thursday, September 1st.
In related news, insider Reeken Patel purchased 60 shares of Novae Group Plc stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 768 ($10.02) per share, for a total transaction of £460.80 ($601.49). Also, insider Fry,Charles purchased 57 shares of Novae Group Plc stock in a transaction on Monday, September 5th. The stock was bought at an average price of GBX 813 ($10.61) per share, with a total value 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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