Peel Hunt Reiterates “Hold” Rating for Novae Group Plc (NVA)
Novae Group Plc (LON:NVA)‘s stock had its “hold” rating restated by equities researchers at Peel Hunt in a note issued to investors on Wednesday. They presently have a GBX 715 ($9.23) price target on the stock. Peel Hunt’s target price would indicate a potential upside of 0.92% from the stock’s current price.
Separately, Shore Capital reaffirmed a “buy” rating and set a GBX 698 ($9.01) price target on shares of Novae Group Plc in a report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 695.50 ($8.98).
Shares of Novae Group Plc (LON NVA) opened at 708.50 on Wednesday. The stock’s market capitalization is GBX 449.19 million. Novae Group Plc has a 1-year low of GBX 490.32 and a 1-year high of GBX 850.00. The firm has a 50-day moving average of GBX 703.26 and a 200 day moving average of GBX 634.22.
In related news, insider Reeken Patel bought 63 shares of the stock in a transaction dated Monday, September 4th. The shares were purchased at an average price of GBX 711 ($9.18) per share, with a total value of £447.93 ($578.50). Insiders bought 207 shares of company stock worth $135,252 in the last three months.
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.
Receive News & Ratings for Novae Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novae Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.