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.
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.
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.