Novae Group Plc (NVA) Earns “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Novae Group Plc (LON:NVA) in a report published on Thursday, July 6th, Marketbeat Ratings reports.

A number of other brokerages also recently weighed in on NVA. Peel Hunt reissued an add rating and set a GBX 665 ($8.68) price target on shares of Novae Group Plc in a research report on Wednesday, May 10th. Macquarie reissued an outperform rating and set a GBX 729 ($9.52) price target on shares of Novae Group Plc in a research report on Monday, March 20th. Stockdale Securities reissued an add rating on shares of Novae Group Plc in a research report on Tuesday, April 18th. Canaccord Genuity lowered their price target on Novae Group Plc from GBX 680 ($8.88) to GBX 635 ($8.29) and set a hold rating on the stock in a research report on Wednesday, May 10th. Finally, Numis Securities Ltd downgraded Novae Group Plc to a hold rating and set a GBX 650 ($8.49) price target on the stock. in a research report on Friday, May 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 685 ($8.94).

Shares of Novae Group Plc (NVA) opened at 703.50 on Thursday. The company’s market cap is GBX 439.46 million. The stock’s 50 day moving average price is GBX 591.33 and its 200 day moving average price is GBX 619.19. Novae Group Plc has a 1-year low of GBX 490.32 and a 1-year high of GBX 850.00.

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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 ($8.07) per share, for a total transaction of £444.96 ($581.04). In the last 90 days, insiders have bought 234 shares of company stock valued at $135,054.

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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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