Novae Group Plc’s (LON:NVA) “Add” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their add rating on shares of Novae Group Plc (LON:NVA) in a research report report published on Monday, July 3rd. The brokerage currently has a GBX 665 ($8.66) price target on the stock.

NVA has been the topic of a number of other research reports. Shore Capital reaffirmed a buy rating on shares of Novae Group Plc in a research report on Thursday, March 9th. Macquarie lowered their target price on Novae Group Plc from GBX 729 ($9.50) to GBX 715 ($9.31) and set an outperform rating on the stock in a research report on Friday, May 12th. Stockdale Securities reaffirmed an add rating on shares of Novae Group Plc in a research report on Thursday, April 27th. Numis Securities Ltd downgraded Novae Group Plc to a hold rating and set a GBX 650 ($8.47) target price on the stock. in a research report on Friday, May 12th. Finally, Canaccord Genuity lowered their target price on Novae Group Plc from GBX 680 ($8.86) to GBX 635 ($8.27) and set a hold rating on the stock in a research report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 685 ($8.92).

Novae Group Plc (LON NVA) traded down 0.14% during mid-day trading on Monday, hitting GBX 704.00. The stock had a trading volume of 70,618 shares. The company’s market capitalization is GBX 439.77 million. Novae Group Plc has a 52 week low of GBX 490.32 and a 52 week high of GBX 850.00. The stock’s 50-day moving average is GBX 624.08 and its 200 day moving average is GBX 620.75.

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In other news, insider Reeken Patel acquired 72 shares of Novae Group Plc stock in a transaction dated Wednesday, May 3rd. The stock was bought at an average price of GBX 618 ($8.05) per share, for a total transaction of £444.96 ($579.68). In the last 90 days, insiders have bought 234 shares of company stock valued at $135,054.

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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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