The Novae Group Plc (NVA) Receives “Add” Rating from Peel Hunt

The Novae Group Plc (NVA) Receives “Add” Rating from Peel Hunt

NVA has been the subject of several other research reports. Macquarie cut their price target on shares of Novae Group Plc from GBX 729 ($9.36) to GBX 715 ($9.18) and set an “outperform” rating for the company in a report on Friday, May 12th. Shore Capital reissued a “buy” rating on shares of Novae Group Plc in a report on Thursday, March 9th. Stockdale Securities reaffirmed an “add” rating on shares of Novae Group Plc in a report on Thursday, April 27th. Numis Securities Ltd lowered shares of Novae Group Plc to a “hold” rating and set a GBX 650 ($8.35) target price for the company. in a report on Friday, May 12th. Finally, Canaccord Genuity dropped their target price on shares of Novae Group Plc from GBX 680 ($8.73) to GBX 635 ($8.16) and set a “hold” rating for the company in a report on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 685 ($8.80).

Novae Group Plc (LON:NVA)‘s stock had its “add” rating reaffirmed by equities research analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 665 ($8.54) target price on the stock. Peel Hunt’s price target points to a potential upside of 21.13% from the stock’s current price.

Shares of Novae Group Plc (LON:NVA) opened at 551.50 on Monday. Novae Group Plc has a one year low of GBX 534.99 and a one year high of GBX 852.00. The stock’s market capitalization is GBX 344.51 million. The firm’s 50-day moving average is GBX 596.54 and its 200-day moving average is GBX 655.30.

The firm also recently announced a dividend, which was paid on Friday, May 19th. Stockholders of record on Thursday, April 20th were issued a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, April 20th.

In other Novae Group Plc news, insider Matthew K. Fosh bought 3,135 shares of the company’s stock in a transaction dated Thursday, April 6th. The stock was acquired at an average price of GBX 633 ($8.13) per share, with a total value of £19,844.55 ($25,490.75). Also, insider Reeken Patel bought 72 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average cost of GBX 618 ($7.94) per share, with a total value of £444.96 ($571.56). Insiders have bought 16,287 shares of company stock valued at $10,217,319 in the last ninety days.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:NVA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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