Novae Group Plc (NVA) Stock Rating Reaffirmed by Peel Hunt


Novae Group Plc (LON:NVA)‘s stock had its “add” rating reaffirmed by research analysts at Peel Hunt in a research note issued on Tuesday. They currently have a GBX 920 ($12.25) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 16.38% from the stock’s current price.
A number of other research firms have also recently weighed in on NVA. Macquarie lifted their target price on shares of Novae Group Plc from GBX 905 ($12.05) to GBX 907 ($12.08) and gave the company an “outperform” rating in a research note on Friday, August 5th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 940 ($12.52) price target on shares of Novae Group Plc in a research note on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Novae Group Plc currently has an average rating of “Buy” and a consensus price target of GBX 903.14 ($12.03).
Novae Group Plc (LON:NVA) traded down 1.68% during mid-day trading on Tuesday, hitting GBX 790.50. The company had a trading volume of 217,311 shares. The stock’s market capitalization is GBX 496.43 million. Novae Group Plc has a 1-year low of GBX 726.00 and a 1-year high of GBX 905.00. The stock has a 50 day moving average price of GBX 812.32 and a 200-day moving average price of GBX 820.26.

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The firm also recently announced a dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st will be given a dividend of GBX 7.50 ($0.10) per share. This represents a dividend yield of 0.95%. The ex-dividend date is Thursday, September 1st.
In other Novae Group Plc news, insider Fry,Charles bought 57 shares of the firm’s stock in a transaction dated Monday, July 4th. The shares were purchased at an average cost of GBX 773 ($10.30) per share, for a total transaction of £440.61 ($586.85).
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.

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