Novae Group Plc (NVA) Rating Reiterated by 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 Wednesday, May 10th. They presently have a GBX 665 ($8.58) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 19.60% from the company’s current price.

A number of other analysts have also recently commented on the company. Stockdale Securities restated an “add” rating on shares of Novae Group Plc in a research report on Tuesday, April 18th. Macquarie reiterated an “outperform” rating and set a GBX 736 ($9.50) target price on shares of Novae Group Plc in a research report on Tuesday, February 21st. Finally, Shore Capital reiterated a “buy” rating on shares of Novae Group Plc in a research report on Monday, February 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Novae Group Plc currently has a consensus rating of “Hold” and a consensus price target of GBX 685 ($8.84).

Analyst Recommendations for Novae Group Plc (LON:NVA)

Shares of Novae Group Plc (LON:NVA) opened at 556.00 on Wednesday. Novae Group Plc has a 12 month low of GBX 551.27 and a 12 month high of GBX 858.00. The stock’s 50 day moving average price is GBX 618.10 and its 200-day moving average price is GBX 672.28. The company’s market cap is GBX 347.32 million.

The firm also recently announced a dividend, which was paid on Friday, May 19th. Investors of record on Thursday, April 20th were given 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.

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In other Novae Group Plc news, insider Matthew K. Fosh bought 3,135 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was purchased at an average price of GBX 633 ($8.17) per share, for a total transaction of £19,844.55 ($25,615.79). Also, insider Reeken Patel purchased 72 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were purchased at an average cost of GBX 618 ($7.98) per share, with a total value of £444.96 ($574.36). Insiders have purchased 16,359 shares of company stock valued at $10,262,463 in the last quarter.

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.

12 Month Chart for LON:NVA

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