Novae Group Plc’s (NVA) Add Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Novae Group Plc (LON:NVA) in a research note issued to investors on Thursday. Peel Hunt currently has a GBX 920 ($12.01) target price on the stock.

Several other brokerages also recently weighed in on NVA. Macquarie boosted their target price on Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the stock an outperform rating in a research note on Friday, August 5th. Canaccord Genuity restated a buy rating and set a GBX 940 ($12.27) target price on shares of Novae Group Plc in a research note on Thursday, June 16th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 903.14 ($11.79).

Analyst Recommendations for Novae Group Plc (LON:NVA)

Shares of Novae Group Plc (LON:NVA) opened at 769.50 on Thursday. The stock’s market cap is GBX 483.24 million. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34. The company’s 50 day moving average price is GBX 807.07 and its 200 day moving average price is GBX 818.43.

The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st will be issued a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a dividend yield of 0.95%.

In related news, insider Fosh,Matthew K acquired 57 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was acquired at an average price of GBX 795 ($10.38) per share, with a total value of £453.15 ($591.50).

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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