Novae Group Plc (NVA) Receives Average Recommendation of “Hold” from Brokerages

Novae Group Plc (LON:NVA) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 682.60 ($8.82).

Several research firms recently commented on NVA. Peel Hunt reaffirmed a “hold” rating and set a GBX 715 ($9.23) target price on shares of Novae Group Plc in a report on Thursday, September 7th. Shore Capital reaffirmed a “buy” rating and set a GBX 698 ($9.01) target price on shares of Novae Group Plc in a report on Friday, August 25th.

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Novae Group Plc (NVA) opened at 709.00 on Tuesday. The stock’s 50 day moving average is GBX 702.85 and its 200-day moving average is GBX 633.20. The firm’s market cap is GBX 449.51 million. Novae Group Plc has a one year low of GBX 490.32 and a one year high of GBX 850.00.

Novae Group Plc (LON:NVA) last released its earnings results on Wednesday, August 2nd. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.41. Novae Group Plc had a negative net margin of 3.35% and a negative return on equity of 7.54%. On average, equities research analysts expect that Novae Group Plc will post $21.44 earnings per share for the current fiscal year.

In other news, insider Reeken Patel purchased 63 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were acquired at an average price of GBX 703 ($9.08) per share, with a total value of £442.89 ($571.99). In the last three months, insiders acquired 207 shares of company stock worth $135,252.

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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