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

Peel Hunt reiterated their add rating on shares of Novae Group Plc (LON:NVA) in a report issued on Wednesday. The firm currently has a GBX 920 ($11.40) price objective on the stock.

Other research analysts have also issued research reports about the stock. Canaccord Genuity lowered their price objective on shares of Novae Group Plc from GBX 940 ($11.64) to GBX 900 ($11.15) and set a buy rating for the company in a research note on Wednesday, August 3rd. Shore Capital reissued a hold rating on shares of Novae Group Plc in a research note on Wednesday, October 5th. Finally, Macquarie raised their price objective on shares of Novae Group Plc from GBX 905 ($11.21) to GBX 907 ($11.23) and gave the company an outperform rating in a research note on Friday, August 5th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of GBX 906.40 ($11.23).

Analyst Recommendations for Novae Group Plc (LON:NVA)

Novae Group Plc (LON:NVA) opened at 797.00 on Wednesday. The firm’s 50-day moving average is GBX 800.09 and its 200-day moving average is GBX 804.04. The firm’s market cap is GBX 500.51 million. Novae Group Plc has a 52 week low of GBX 726.00 and a 52 week high of GBX 903.16.

In related news, insider Reeken Patel acquired 60 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were bought at an average price of GBX 768 ($9.51) per share, with a total value of £460.80 ($570.79). Also, insider Matthew K. Fosh acquired 57 shares of the business’s stock in a transaction on Friday, November 4th. The shares were bought at an average cost of GBX 784 ($9.71) per share, for a total transaction of £446.88 ($553.55).

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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