Novae Group Plc (LON:NVA)‘s stock had its “hold” rating reaffirmed by investment analysts at Shore Capital in a note issued to investors on Wednesday.
Other equities research analysts also recently issued research reports about the stock. Peel Hunt restated an “add” rating and issued a GBX 950 ($12.40) price target on shares of Novae Group Plc in a research report on Friday, June 24th. Canaccord Genuity reduced their price target on shares of Novae Group Plc from GBX 940 ($12.27) to GBX 900 ($11.75) and set a “buy” rating for the company in a research report on Wednesday, August 3rd. Finally, Macquarie increased their target price on shares of Novae Group Plc from GBX 905 ($11.81) to GBX 907 ($11.84) and gave the stock an “outperform” rating in a research report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 903.14 ($11.79).
Shares of Novae Group Plc (LON:NVA) opened at 820.50 on Wednesday. The stock’s market capitalization is GBX 515.27 million. The company’s 50-day moving average is GBX 799.32 and its 200-day moving average is GBX 814.19. Novae Group Plc has a 12 month low of GBX 726.00 and a 12 month high of GBX 903.34.
The firm also recently declared a dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 1st were paid a dividend of GBX 7.50 ($0.10) per share. The ex-dividend date of this dividend was Thursday, September 1st. This represents a dividend yield of 0.95%.
In other Novae Group Plc news, insider Reeken Patel purchased 60 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were bought at an average price of GBX 768 ($10.02) per share, for a total transaction of £460.80 ($601.49). Also, insider Fosh,Matthew K purchased 57 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of GBX 795 ($10.38) per share, for a total transaction 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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