Novae Group Plc (LON:NVA)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a report released on Monday. They presently have a GBX 900 ($11.14) target price on the stock. Canaccord Genuity’s price objective suggests a potential upside of 11.11% from the stock’s previous close.
Other equities research analysts have also issued reports about the company. Peel Hunt restated an “add” rating and set a GBX 950 ($11.76) price target on shares of Novae Group Plc in a research report on Friday, June 24th. Shore Capital reiterated a “hold” rating on shares of Novae Group Plc in a research report on Wednesday, October 5th. Finally, Macquarie increased their price objective on Novae Group Plc from GBX 905 ($11.20) to GBX 907 ($11.23) and gave the company an “outperform” rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 903.14 ($11.18).
Novae Group Plc (LON:NVA) opened at 808.31 on Monday. Novae Group Plc has a one year low of GBX 726.00 and a one year high of GBX 903.34. The stock’s market cap is GBX 507.61 million. The stock’s 50 day moving average price is GBX 798.22 and its 200-day moving average price is GBX 812.13.
The business also recently declared a dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st were paid a GBX 7.50 ($0.09) dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Thursday, September 1st.
In related news, insider Reeken Patel purchased 60 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were bought at an average price of GBX 768 ($9.50) per share, with a total value of £460.80 ($570.30). Also, insider Fry,Charles purchased 57 shares of the business’s stock in a transaction dated Monday, September 5th. The stock was bought at an average cost of GBX 813 ($10.06) per share, for a total transaction of £463.41 ($573.53).
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.
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