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).
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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