Novae Group Plc (NVA) Earns “Hold” Rating from Peel Hunt

Peel Hunt reiterated their hold rating on shares of Novae Group Plc (LON:NVA) in a research report released on Thursday. The brokerage currently has a GBX 715 ($9.23) price objective on the stock.

NVA has been the subject of several other research reports. Shore Capital reiterated a buy rating on shares of Novae Group Plc in a research note on Wednesday, May 10th. Canaccord Genuity dropped their price objective on shares of Novae Group Plc from GBX 680 ($8.78) to GBX 635 ($8.20) and set a hold rating for the company in a research note on Wednesday, May 10th. Macquarie dropped their price objective on shares of Novae Group Plc from GBX 729 ($9.41) to GBX 715 ($9.23) and set an outperform rating for the company in a research note on Friday, May 12th. Finally, Numis Securities Ltd cut shares of Novae Group Plc to a hold rating and set a GBX 650 ($8.39) price objective for the company. in a research note on Friday, May 12th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Novae Group Plc has an average rating of Hold and an average price target of GBX 695.50 ($8.98).

Novae Group Plc (LON NVA) opened at 706.00 on Thursday. The firm’s market cap is GBX 447.60 million. Novae Group Plc has a 12 month low of GBX 490.32 and a 12 month high of GBX 850.00. The stock’s 50 day moving average is GBX 702.61 and its 200-day moving average is GBX 633.39.

Novae Group Plc (LON:NVA) last announced its earnings results on Wednesday, August 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.22 by $0.41. Novae Group Plc had a negative return on equity of 7.54% and a negative net margin of 3.35%. On average, analysts anticipate that Novae Group Plc will post $21.44 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Novae Group Plc (NVA) Earns “Hold” Rating from Peel Hunt” was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.themarketsdaily.com/2017/09/11/novae-group-plc-nva-earns-hold-rating-from-peel-hunt.html.

In other Novae Group Plc news, insider Reeken Patel acquired 63 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was acquired at an average price of GBX 703 ($9.08) per share, for a total transaction of £442.89 ($571.99). Insiders acquired a total of 207 shares of company stock valued at $135,252 in the last quarter.

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.

Analyst Recommendations for Novae Group Plc (LON:NVA)

Receive News & Ratings for Novae Group Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Novae Group Plc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply