Novae Group Plc (NVA) Receives GBX 682.60 Average Price Target from Brokerages

Shares of Novae Group Plc (LON:NVA) have earned an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 682.60 ($9.01).

A number of equities research analysts have commented on the stock. Peel Hunt restated a “hold” rating and issued a GBX 715 ($9.44) price target on shares of Novae Group Plc in a report on Friday, September 29th. Shore Capital reaffirmed a “buy” rating and issued a GBX 698 ($9.21) price objective on shares of Novae Group Plc in a research note on Friday, August 25th.

In other news, insider Reeken Patel purchased 63 shares of the company’s stock in a transaction that occurred on Monday, September 4th. The shares were bought at an average cost of GBX 711 ($9.38) per share, with a total value of £447.93 ($591.09).

Novae Group Plc (NVA) traded up GBX 0.50 ($0.01) during trading hours on Wednesday, reaching GBX 714 ($9.42).

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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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