The Novae Group Plc (NVA) Rating Reiterated by Canaccord Genuity

The Novae Group Plc (NVA) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Novae Group Plc (LON:NVA) in a research note released on Monday morning. Canaccord Genuity currently has a GBX 900 ($11.14) price objective on the stock.

NVA has been the subject of several other research reports. Peel Hunt restated an add rating and issued a GBX 920 ($11.39) price target on shares of Novae Group Plc in a report on Thursday, September 22nd. Macquarie boosted their price target on shares of Novae Group Plc from GBX 905 ($11.20) to GBX 907 ($11.23) and gave the company an outperform rating in a report on Friday, August 5th. Finally, Shore Capital reiterated a hold rating on shares of Novae Group Plc in a research note on Wednesday, October 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of GBX 903.14 ($11.18).

Novae Group Plc (LON:NVA) opened at 808.50 on Monday. Novae Group Plc has a 52-week low of GBX 726.00 and a 52-week high of GBX 903.34. The firm has a 50-day moving average of GBX 797.17 and a 200 day moving average of GBX 812.09. The company’s market capitalization is GBX 507.73 million.

The business also recently declared a dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 1st were paid a dividend of GBX 7.50 ($0.09) per share. The ex-dividend date was Thursday, September 1st. This represents a yield of 0.95%.

In related news, insider Fosh,Matthew K purchased 57 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of GBX 795 ($9.84) per share, for a total transaction of £453.15 ($560.83). Also, insider Reeken Patel purchased 60 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were bought at an average price of GBX 768 ($9.50) per share, for a total transaction of £460.80 ($570.30).

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