Analysts Set Novae Group Plc (NVA) Price Target at $682.60

Novae Group Plc (LON:NVA) has received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 682.60 ($8.97).

Several research analysts recently issued reports on the company. Shore Capital restated a “buy” rating on shares of Novae Group Plc in a research report on Thursday, July 6th. Peel Hunt restated an “add” rating and set a GBX 665 ($8.74) price objective on shares of Novae Group Plc in a research report on Monday, July 3rd.

In other Novae Group Plc news, insider Reeken Patel purchased 63 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of GBX 703 ($9.24) per share, for a total transaction of £442.89 ($582.29).

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Novae Group Plc (LON NVA) remained flat at GBX 714.00 during midday trading on Friday. 211,402 shares of the company traded hands. Novae Group Plc has a 1-year low of GBX 490.32 and a 1-year high of GBX 850.00. The firm’s market capitalization is GBX 452.68 million. The stock has a 50-day moving average of GBX 706.64 and a 200-day moving average of GBX 641.56.

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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

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